Analyst: Bitcoin Above $6,400 Confirms Real Bull Run, Volume Surges 3x

Bitcoin has been able to continue extending its upwards momentum and has firmly established its newfound position within the $6,000 region, nearly erasing all of the losses that were incurred in late 2018 after the cryptocurrency failed to find support around $6,400 and was sent spiraling downwards before it found support in the lower-$3,000 region.

Bitcoin is now approaching a critical price level that, if broken above, would confirm the start of the next bull market, which could lead to a gradual upwards climb that ultimately results in another parabolic movement that sends the cryptocurrency back towards, or even above, its previously established all-time-highs.

Bitcoin (BTC) Surges to $6,400

At the time of writing, Bitcoin is trading up over 5% at its current price of $6,415, up from its 24-hour lows of just below $6,100.

This latest leg of BTC’s upwards surge has led it to the highest price level it has traded at in all of 2019, and has placed the crypto back at price levels…

Read Full Story : NewsBTC

2019-05-10 22:00:25

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