Bitcoin breaks through, hits $50k for the first time since May (and to think that it was hovering at $29k only a month ago)

Congratulations to all the hodlers who never gave up, and to those of you who bought higher or near ATH and have yet to see green in your portfolio, don't lose hope, BTC has a history of regaining its ATH value and then reaching for new heights.

Bitcoin has finally hit $50k (a so-called psychological barrier) and could be testing resistance at that range heading into the week, thanks to institutional backers and retail investors that favor the continued upside for Bitcoin. And to think that it was at $29k back in July 20.

If it breaks out from that then the next level of resistance would be at $55k. Though upside exhaustion could also be something to take into consideration.