Bitcoin rose sharply. What happens next?


At some point, the price of the first cryptocurrency in the Bitfinex purse exceeded $ 5,000, this is the new high of 2019. Analyst Ayash Jindal is confident that the market situation has changed: we are at a stage of growth.

On the morning of April 2, Bitcoin's average market rate rose to a high of 2019, at $ 4849, in a few hours increased by almost 15%, after which it was reversed. In some exchanges, including Bitfinex, the price of the first cryptoneaser exceeded $ 5,000. Now the currency is trading at $ 4,652. After that, altcoins, the largest in terms of capitalization, also increased – Ethereum rose 5.9% to $ 150.7, the XRP – at 5.8%, to $ 0.330.

In recent days, the value of the digital money market has increased by 9%, now is $ 159 billion. Trading volumes increased 50 percent from $ 32 billion to $ 48 billion.

Today, Bitcoin has surpassed an important level of resistance of $ 4,200, its price was close to the following marks of $ 5,000 and $ 5,200, but it could not surpass them, explained NewsBTC analyst Ayash Jindal. Once this happens, the asset can reach a level of $ 6,000.

At the moment, the value of the currency is being adjusted, but in the near future should not fall below the strong support of $ 4,400, believes Jindal. In his view, now for the growth of the criptomoeda, it is necessary to return above the level of $ 4850.

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