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The weekend started with a bang in the world of crypto
Bitcoin has again surpbaded the resistance to post a new high in 2019. The action has
had the effect of pushing total market capitalization to its highest level
for five months.
Bitcoin bulls are back
Just when it seemed like an increased consolidation was on the agenda, Bitcoin surpbaded the resistance at $ 5,600 and hit a new high for 2019 of $ 5,880 a few hours ago according to the figures of Coinmarketcap. Trade in Asia pushed the volume up to nearly $ 20 billion, which is greater than the total volume of the market two months ago.
The big push resulted in a 4% gain over the day for BTC
which is very likely to reach $ 6,000 in the next hours. The feeling is
badysts expect additional gains for Bitcoin;
Over the past seven days, Bitcoin has gained 11% and since
at the beginning of the year, it increased by 55%. Not bad for an badet that
aging bankers, politicians and billionaires had amortized their losses. Markets have
ignored the negative news regarding the Tether imbroglio and pushed even higher,
mistrustful expectations
from one drop. The trend is now clearly on the rise and the best part of
this year.
Economist Alex Krüger commented on the current push by declaring
that there is not much way to go before returning to a bull market;
"The BTC is now at $ 5750, the lowest in 2018 before the November crash. The downtrend of 2018 has ended once above $ 4,200. Above $ 6400, the most traded price in 2018 is a bull market. "
$ BTC now at $ 5750, the lowest in 2018 before the November crash.
– The downtrend of 2018 has ended once above $ 4,200.
– Above $ 6400, the most traded price in 2018, it's a bull market. pic.twitter.com/rIQI8RIPgs
– Alex Krüger (@krugermacro) May 3, 2019
Strong resistance also lies around the $ 6,000
level so a push on it will not come easily. There may be several months
consolidation here that the markets did it last year before moving on to the
another direction in mid-November.
Bitcoin bullish uptrend has resumed market capitalization
more than 100 billion dollars again. This resulted in a total capitalization of the crypto market reaching
a new 2019 peak of $ 188 billion a few hours ago. More than $ 8 billion has been added
In the past 24 hours, markets have jumped more than 4%.
Altcoins also know a solid day with big
gains for Bitcoin Cash up 8% to $ 300, the Litecoin
winner 5% to $ 80 and Bitcoin Gold with a 10% increase to $ 20.
The weekend started in the green and it's bitcoin that dominates again.
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