AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Welcome home, the God of Wealth. This may be pure superstition but on the fifth day of the Lunar New Year, tradition dictates that families engage in activities to usher in the God of Wealth, who is expected to bring good fortune for the entire year. Believe it or not, on the same day, BTC broke through resistance levels near $48,500 and $49,000. Losses due to corrections on Valentine’s Day have been fully pared as buyers rush in to buy the dip. The momentum even propelled BTC price to momentarily surpass $50k on several exchanges, for the first time in history. If this rally establishes a strong foothold near $49,000, it may well push BTC to new levels.