Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout.
BTC price breaks out past $40,000
Data from TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp.
The largest #cryptocurrency capitalized on the upside that resulted from a new positive tweet by Elon Musk concerning Tesla possibly accepting BTC in the future.
Earlier reported on traders betting on a leg up to around $47,000 before a correction.