Bitcoin Price Skyrockets to $5,000: End of Bear Market in Sight?

Bitcoin Price Skyrockets to $5,000: End of Bear Market in Sight?
фото показано с : bitcoinist.com

2019-4-2 09:30

Bitcoin 00 just blasted off to $5,100 with an impressive 17 percent gain. Will the largest digital asset continue to leg up or surprise the world with the dreaded full retrace? 

Bitcoin Price: Market Overview

At last, Bitcoin (BTC) broke the malaise with gusto as it blasted far above the $4,200 resistance and reached a new yearly high at $4,800, at the time of writing.

As discussed yesterday, the largest digital asset was prepped for a strong and decisive move. While no man other than Merlin possesses a crystal ball, a combination of multiple indicators suggested that bulls had the upper hand.

4-HR Chart

Bitcoin 00 set a new higher high as it overcame $4,198. The fact that BTC sat above the 20MA of the most narrow Bollinger bands of 2019 also suggested that any high-volume breakout translates to sharper-than-normal price action.

Bitcoin posted its highest 24-hour volume since mid-February and, given the explosive nature of the breakout, a five-to-eight percent retrace is not off the table. Barring a catastrophe full retrace, we can expect Bitcoin to consolidate for a while — as the digital asset will need to overtake $5,700, followed by $6,500.

Bitcoin now rests above the 200-MA ($4,620) while the overall crypto market cap now sits at $160 billion.

BTC Weekly Chart

The weekly chart show Bitcoin breaking above its incremental weekly rise and posting the highest price gain since November 2018. At the time of writing, BTC gained 16.25 percent in less than 30 minutes. This is a developing story which will be updated with more detailed analysis as the situation develops. 

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Bitfinex. The charts for analysis are provided by TradingView.]

Trade Bitcoin, Litecoin and other cryptocurrencies on online Bitcoin forex broker platform evolve.markets.  

Images courtesy of Shutterstock, Trading View. Market data sourced from Coinbase.

The post Bitcoin Price Skyrockets to $5,000: End of Bear Market in Sight? appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 65880.07 (+0.25%)
Объем 24H $37.294b
Изменеия 24h: 6.99 %, 7d: 6.45 %
Cегодня L: $61392.69 - H: $66158.9
Капитализация $1297.756b Rank 1
Цена в час новости $ 4633.07 (1321.95%)

bitcoin price market digital largest asset sight

Источник: bitcoinist.com

bitcoin price → Результатов: 126


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30


Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its […] The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

2024-4-8 15:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What to Expect From Bitcoin in 2024

Expectations that U.S. regulators will approve spot bitcoin ETFs next year are driving prices higher. History suggests we might see a slowdown as we approach the halving in April 2024, says Path Crypto's David Liang.