Bitcoin jumped out of range and reached the highest level of 2019. The price of the first digital coin once again rose to the level of $ 5,632 for the first time since November 2018.
The movement was probably caused by technical factors, as there are no fundamental triggers available to explain strong growth.
Potentially, a breakthrough above $ 5,500 has forced weak shorts out of the market and triggered new buy orders, creating a strong growth momentum.
At the time of writing, BTC / USD has recovered to $ 5,543 due to technical correction after strong growth.
Short-term RSI turned downward, although it is still in the overbought area, signaling that the correction phase is not over yet.
BTC / USD, 30 minute chart
