Bitcoin price passes $46K after S&P 500 reaches historic highs

Bitcoin and stocks should continue to see a solid bid, analysis concludes, as BTC price strength takes bulls ever closer to the top of the range.

Bitcoin (BTC) took aim at January highs on Feb. 9 as bulls beat out overhead resistance.

Data from Cointelegraph Markets Pro and TradingView captured a fresh BTC price uptick to $46,365 on Bitstamp.

Up over 2% since the daily close, BTC/USD dealt with increasing sell-side liquidity as it returned to levels not seen since the launch of the United States spot Bitcoin exchange-traded funds (ETFs).

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