After few weeks of tears, noise, and mourning over what seemed like the death of Bitcoin, today Bitcoin hodlers and fans jumped with smiles as Bitcoin crossed the $40,000 resistance level. It is a relief after fears that Bitcoin is sinking deeper than the mighty Titanic on the ocean. The sinking of Bitcoin was depressing for many, and a lot of people lost hope and sold their investments at a loss. That's the consequence of panic-selling!

Today has become one of those days when hodlers can smile while panic-sellers begin to grumble and cry. Bitcoin managed to break the $40,000 resistance level. At the time of publication Bitcoin was trading at $40, 599 BUSD on Binance with a high of $40,826 BUSD. Bitcoin gained momentum in response to news that Elon Musk's Tesla will begin accepting Bitcoin as a form of payment once miners declare about 50% of clean energy use in the mining of Bitcoin. The legalization of Bitcoin as legal tender in El Salvador can not be underestimated. It has and will attract many investors.

Bitcoin remains the leading cryptocurrency on Coinmarketcap with a market cap of about 761 billion USD. Whether the breaking of this resistance level will take Bitcoin to the previous ATH remains a mystery we should all wait as it unfolds!