Bitcoin targets $51K ‘final resistance’ as ETH nears $4K for the first time since May

It’s all systems go for cracking “final hurdle” resistance for both Bitcoin and Ether as the weekend nears.

Bitcoin (BTC) passed $50,500 later on Friday as a return to the $50,000 mark put bulls firmly back on the scene.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin lines up a $51,000 offensive

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining ground after dipping to $48,300 lows overnight.

An important retest, Bitcoin price action then reversed upward, giving hope that $50,000 may now be able to cement itself as support.

Should that happen and $51,000 resistance fades, the chances favor an impulse move to the upside, Cointelegraph contributing analyst Michaël van de Poppe said.

“The moment that Bitcoin is breaking out of this $51,000 level, the chances are that we just get one vertical candle towards $58,000, or even $60,000,” he predicted in his latest YouTube update.

He added that under that scenario, altcoins, which this week have gained considerably, may lose out heavily against BTC.

A look at buy and sell levels on major exchange Binance, meanwhile, highlighted the last remaining major resistance level nearby at $51,000, with support in place at $47,000.

BTC/USD buy and sell levels (Binance) as of Sept. 3. Source: Material Indicators/Twitter

Ether closes in on $4,000

On altcoins, Ether (ETH) stood out with an attack on $4,000 — a level it has not touched since May.

Related: Solana extends rally with another new high — Why is SOL price up by 70% in one week?

The largest altcoin gained another 5% Friday, putting it within $400 of historical all-time highs.

ETH/USD 1-day candle chart (Bitstamp). Source: TradingView

Solana (SOL), meanwhile, was the leader in the top 10 cryptocurrencies by market capitalization, climbing 20% on the day to top $140.

In so doing, SOL supplanted Dogecoin (DOGE) as the seventh-largest cryptocurrency.

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  • bitcoinBitcoin(BTC)$26,051.000.02%
  • ethereumEthereum(ETH)$1,652.21-0.04%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$217.290.72%
  • rippleXRP(XRP)$0.521.75%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • cardanoCardano(ADA)$0.260196-0.85%
  • dogecoinDogecoin(DOGE)$0.0631641.33%
  • tronTRON(TRX)$0.0774861.09%
  • polkadotPolkadot(DOT)$4.501.99%
  • litecoinLitecoin(LTC)$65.301.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,065.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$189.59-0.41%
  • uniswapUniswap(UNI)$4.58-0.60%
  • stellarStellar(XLM)$0.1229001.01%
  • moneroMonero(XMR)$141.101.34%
  • aaveAave(AAVE)$56.961.06%
  • havvenSynthetix Network(SNX)$2.06-0.07%
  • tezosTezos(XTZ)$0.701.39%
  • eosEOS(EOS)$0.581.13%
  • theta-tokenTheta Network(THETA)$0.641.26%
  • bitcoin-cash-svBitcoin SV(BSV)$29.94-1.07%
  • nemNEM(XEM)$0.025210-0.32%
  • bitcoinBitcoin(BTC)$26,051.000.02%
  • ethereumEthereum(ETH)$1,652.21-0.04%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$217.290.72%
  • rippleXRP(XRP)$0.521.75%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • cardanoCardano(ADA)$0.260196-0.85%
  • dogecoinDogecoin(DOGE)$0.0631641.33%
  • tronTRON(TRX)$0.0774861.09%
  • polkadotPolkadot(DOT)$4.501.99%
  • litecoinLitecoin(LTC)$65.301.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,065.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$189.59-0.41%
  • uniswapUniswap(UNI)$4.58-0.60%
  • stellarStellar(XLM)$0.1229001.01%
  • moneroMonero(XMR)$141.101.34%
  • aaveAave(AAVE)$56.961.06%
  • havvenSynthetix Network(SNX)$2.06-0.07%
  • tezosTezos(XTZ)$0.701.39%
  • eosEOS(EOS)$0.581.13%
  • theta-tokenTheta Network(THETA)$0.641.26%
  • bitcoin-cash-svBitcoin SV(BSV)$29.94-1.07%
  • nemNEM(XEM)$0.025210-0.32%