The Bulls maintain their relentless position as a mysterious 20,000 BTC order identified as a market catalyst

• The CTB / USD broke the $ 5,000 mark for the first time since November 2018 before settling at about $ 4,925.
• Reuters has identified an order for 20,000 BTCs (about $ 100 million) pbaded by an anonymous whale as a potential market catalyst.

Tuesday, April 2, 2019 is revealed a historic day for crypto-currencies. The CTB / USD has crossed the $ 5,000 mark for the first time since November 2018 and the crypto marketcap has exceeded $ 163 billion. Reuters reported that a mysterious order of 20,000 BTC (about $ 100 million) by an unnamed entity could have boosted market activity.

The order of 20 000 BTC has been distributed between Coinbase, Kraken and Bitstamp in Luxembourg. Oliver von Landsberg-Sadie, managing director of the cryptocurrency company BCB Group, said of the order:

"Only one order of about 20,000 BTCs was algorithmically managed at these three sites. If you look at the volumes on each of these three exchanges – there were synchronized volume units in concert, about 7,000 BTC in one hour. "

BTC / USD Daily Chart

Since November 24, 2018, the BTC / USD price was trading in the chain between $ 3,300 and $ 4,200 before the breakup on Tuesday. Bulls continued to dominate with the open markets this Wednesday. BTC / USD remains close to breaking the $ 5,000 mark as the price rises to around $ 4,925 and $ 4,950. To understand how Tuesday's session was bullish, consider the following signs:

• The BTC / USD price crossed the simple moving average (SMA 200) 200-day curve for the first time since March 2018.
• The Relative Strength Index (RSI) curve evolves comfortably within the overbought territory.
• The last eight sessions of the Elliot Wave Oscillator have been increasingly bullish.