On the night of April 2, Bitcoin showed tremendously rapid growth. The rate of digital gold rose to $ 5,000. Apparently, this indicates a reversal of the long-term trend, from bearish to bullish.
On April 2, the price of digital gold in just a few hours went up by $ 950. Recall that the day before the average rate of Bitcoin ranged from 4150 dollars.
The rapid rise in the Bitcoin price
BTC showed a rapid price increase today, April 2. The first cryptocurrency rose to $ 5,000. High price indicators did not stay long, and in an hour the rate dropped slightly to $ 4,725.
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According to the statistics of Cryptobit Мedia, the maximum transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details price was $ 5,096.06, and the minimum orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details was 4,130.15. These figures may indicate not only the trend reversal of “Bullish Engulfing”, but also its impeccable implementation. The seven-day BTC moving average (MA) will also increase significantly if the high price indicators hold for at least a day.
Also, such a rapid rise indicates a global and long-term trend change. Now, if Bitcoin overcomes the psychological barrier of $ 5,000, it can rise to 7,000. At the same time, the rise in the price of the main cryptocurrency has substantially raised the market capitalization and the prices of other altcoins. With a BTC domination factor of 52.5%, the total capitalization of the cryptocurrency market rose to 164 billion dollars.
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An unexpected rise in the Bitcoin rate, the asset rose to $ 5,000 overnight. Recall that the “digital silver”, Litecoin, also showed active growth. For the first quarter of 2019, LTC has grown by 100% from its previous value. Experts associate the rise of the course with an early halving of the asset.
Editor: Godfrid Brower