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Will Bitcoin Follow Fibonacci And Correct Back to $4,300?


There is no denying that Bitcoin has had an epic bull run
over the weekend. It has rallied to new highs not seen for nine months and
surged through several levels of resistance. Analysts are now expecting a pullback
but how low will BTC go this time around?

Thousand Dollar Bitcoin Weekend

Bitcoin had its first thousand dollar weekend since 2017
according to Bloomberg.
After defying all expectations and remaining above $6,000 for the best part of
last week BTC smashed through resistance at $6,400 and surged higher. By Sunday
afternoon BTC had reached a new 2019 and nine month high of $7,500 according to
coinmarketcap.com.

Daily volume surged to record highs of $30 billion which is
double that of the entire crypto market a couple of months ago. BTC market cap
is now at $125 billion which is the highest it has been since early September
2018. Market dominance also hit
a 17 month high of 58%.

So far this year Bitcoin has notched up an impressive 90
percent gain,…



Read Full Story : Ethereum World News

2019-05-13 06:13:47

Luke Thompson

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