Bitcoin Price Soars to $5,800 BTC/USD as Crypto Coin Leader Readies for $6,000


In a strong upswing, Bitcoin has surged straight to $5,800 and is currently getting ready to take over $6k as its market cap once again crosses $100 billion. Till date, in 2019, BTC is up by more than 53%.

The leading cryptocurrency is up more than 6 percent in the past 24-hours as it goes from $5,369 to $5,795 on Bitstamp. With a market cap of $102 billion, it has been managing the daily trading volume of $18 billion, as per Coinmarketcap and $747 million according to Messari.

Bitcoin (BTC) Live Price

1 BTC/USD =$50,750.4710 change ~ 4.54%

Coin Market Cap

$946.18 Billion

24 Hour Volume

$17.71 Billion

24 Hour VWAP

$49.72 K

24 Hour Change

$2,302.65

However, since hitting just about $5,800 and going above $6k on Bitfinex, BTC price is also moving down, first coming to $5,700 and now trading at $5,680 at the time of writing.

BTC/USD, Source: TradingView

The last time Bitcoin was at this level has been on November 14th, 2018 from where it dropped down to $3,200.

Currently, Bitcoin seems to be gaining momentum but has strong resistance at $5,900. Crypto analyst The Cryptomist says, we need to close the day above $5,535 in order to sustain this momentum.

“So we are breaking the previous rising wedge that dropped out from (lines from 4hr)

We also are breaking the RSI resistance; Previous channel and resistance line formed.

To sustain this momentum, daily needs to close above 5535. 5900 is strong resistance.”

According to Crypto analyst Altcoin Psycho, we could still go higher, “There's a chance we can still go higher, high funding rate + shorts severely underwater = potential impulse candle to the upside.”

Total Market Cap Adds $10 BIllion

Among the top cryptos, Bitcoin is one of the highest gainers while XRP, Stellar, Tron the least movers. However, some are still seeing good gains as the total market caps adds $10 billion and climbs to $186 billion.

Litecoin is the biggest gainer among the top cryptos with over 7% gains at $79.25 followed by EOS and Bitcoin Cash. A few coins are however still in the red but as crypto analyst Benjamin Blunts says, altcoins can shine as well if Bitcoin pulls back a little.

Do you think Bitcoin will hit $6k this time or will it cool down and altcoins will rather trend upwards? Share your views with us by commenting below.

Bitcoin’s price is $50,750.47 BTC/USD exchange rate today. The real-time BTC market cap of $946.18 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $17.71 Billion and live coin value change of BTC 4.54 in the last 24 hours.

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