Bitcoin Stalls at $48,000 Resistance – Can it Breakthrough?

Bitcoin stalled at the $48,000 resistance after four consecutive weeks of gains. The bellwether cryptocurrency traded as high as $48,100 on Saturday – its highest mark in over three months, but retreated back under $46,000 as selling pressure intensified around a key supply zone. Despite the pullback, the cryptocurrency had displayed a resilient recovery since falling below $30,000 in mid-July, gaining over 65% in just four weeks.The BTC dominance index, which measures Bitcoin’s market value relative to the entire crypto market, fell to 44% as the likes of ETH, ADA and XRP took center stage in the past week.

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