Bitcoin at $ 5,200, can this exhilarating momentum continue?


The world's most popular cryptocurrency, Bitcoin, is back in the driver's seat and takes the entire crypto market for a crazy and exciting race. It was two fabulous days for those who were "Hodling". all 'crypto winter', but Bitcoin can he continue on this exhilarating momentum.

Although we are still speculating on the specific reason why Bitcoin has rallied so much, the real important question to ask is whether this impressive gathering can be sustained.

If the total market sees only a slight decline, this would confirm that a fund is in place and that cryptocurrencies are about to start a new uptrend. However, if Bitcoin fails to maintain higher levels, it would indicate that the current rally was an unfortunate irregularity.

For the moment, the cryptocurrency markets are on the rise for the third day in a row and there is no sign of slowing down crypto cryptography, with 90% of the top 100 displaying green candlesticks.

Bitcoin is currently testing levels above $ 5.1 thousand and is trading at around $ 5,219, posting gains of more than 9.50 percent in the past 24 hours, while hopes are strong that BTC can surpass next levels of resistance and continue to reach $ 6,000. Once we exceed this level, a real run can take off.

The total market capitalization of Bitcoin added nearly $ 8 billion compared to yesterday's charts, reaching a current total of about $ 91.9 billion.

All the signs indicate that the bulls have the upper hand, so this rally could prepare us for good times.

Read more: 8 Altcoins outperforming Bitcoin during this cryptocurrency pump

Bitcoin Cash is still leading the pack with gains of more than 55% over the last 24 hours, followed by Litecoin, which has an impressive and permanent rally, and a 31.4% increase.

Cardano and EOS also continue to cite impressive leads, posting respective gains of around 22% and 20% on 24-hour charts.

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