The main cryptocurrency on Wednesday night, April 3, made a new breakthrough and overcame the psychological threshold of $ 5000. Many analysts have dubbed the current stage of strengthening Bitcoin as the termination of the cryptozyme phase.
Recall that last Tuesday the BTC course in just 30 minutes came close to $ 4,900, but then declined as part of the correction.
However, today Bitcoin (BTC) still showed the most impressive growth over the past few months. Bitcoin rate rose to $ 5031, its market capitalization reached $ 88.776 billion.
According to Nigel Green, general director of the consulting company deVere Group, “bears” have completely lost control over the market. This proves the fact that the cryptozyme phase is complete.
He stressed:
“I believe that Bitcoin is now moving up over the next few weeks or even months, bringing steady profits to investors. Bitcoin as the largest digital currency by market capitalization will stimulate the growth of prices for the remaining cryptocurrencies. ”
That's what no resistance looks like. Nothing but hot air above 4200. The harder the break. This is what technical analysis is for. $ BTC + 20% in 45 minutes.
– Alex Krüger (@krugermacro) April 2, 2019
Another well-known analyst and trader Alex Kruger tweeted the post, in which he noted that the end of the “bearish” trend in the market was overcoming the $ 4,200 mark.
Another expert on the cryptocurrency market under the nickname Crypto Krillin is also aggressively set up and predicts a bitcoin jerk of up to $ 5,500. Although the same expert also admits such an option, in which the main coin can unexpectedly fall to $ 3000, if the bears again prevail in the battle with the bulls, but this is a less likely scenario.
$ BTC
"Confluence"
The moment of truth for bitcoin is very near.
We are walking through 3000. I’m leaning bullish. pic.twitter.com/15a9QWXpKK– Crypto Krillin ॐ (@LSDinmycoffee) March 23, 2019
Publication date 03/04/2019
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