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$BTC

Bitcoin price is up over 10% and surging toward $58,000. BTC is signaling a strong upward trend and might surge toward the $60,000 resistance.
Bitcoin price is gaining pace above the $55,000 resistance zone.
The price is trading above $55,000 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend its current rally toward the $60,000 resistance zone.
Bitcoin Price Starts Fresh Surge
Bitcoin price remained well-bid above the $50,500 support zone. A support base was formed above the $51,500 level and the price started a fresh rally. BTC gained bullish momentum after it broke the $51,600 and $52,000 resistance levels.
There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC/USD pair. The pair surged over 10% and broke many hurdles near the $55,000 level. A new multi-week high is formed near $57,109 and the price is now retreating.
Bitcoin is still trading above $55,000 and the 100 hourly Simple moving average. It is also above the 23.6% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high.

Source: BTCUSD on TradingView.com
Immediate resistance is near the $56,800 level. The next key resistance could be $57,000, above which the price could rise toward the $58,000 resistance zone. If the bulls remain in action, the price could even surpass $58,000 and test $58,800. The main hurdle for them is visible near the $60,000 zone.

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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From February 22 (00:00 $UTC) to February 28 (23:59 $UTC), Binance users can acquire $PORTAL tokens by staking $BNB or $FDUSD, with the opportunity to withdraw staked funds anytime. Even if PORTAL token rewards are withdrawn early, they can be retained.

Earn Free Crypto

Launchpool users will receive 5% of the one billion total $PORTAL tokens, equating to 50 million tokens. Eighty percent of rewards go to $BNB stakers, and the remaining 20% to $FDUSD pool, but actual earnings depend on stake size relative to the pool.

Binance will list PORTAL for trading against $BTC, $USDT, $BNB, $FDUSD, and TRY from February 29 (10:00 UTC) with a "Seed Tag" denoting early-stage projects, implying potential volatility.

Portal is a gaming platform supporting various blockchains, aiming to simplify the user experience for blockchain-powered games. Integrated with platforms like Solana and Polygon, Portal plans to host around 200 games on its discovery platform.

To acquire PORTAL tokens on Binance Launchpool, users need a Binance account, complete identity verification, and stake $BNB or $FDUSD tokens. Access the Launchpad & Launchpool section, choose the $BNB or $FDUSD pool, follow instructions, and participate in the campaign from February 22 to February 28. The listing on Binance occurs on 29 (10:00 UTC).
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