Is Crypto Winter Over? Bitcoin Price Springs Back Above $5,200 USD, Altcoins See Green
The Bitcoin sentiment during April is that the winter is finally over. Since Bitcoin was able to breach the $4,000 USD value some weeks ago, investors are hyped once more that we will see a new bull run soon.
While it is too early to tell whether a big bull run like the one from 2017 will happen anytime soon, we are fairly certain that the crypto bear market trend is going away. At the moment of this report, Bitcoin was priced at around $5,200 USD, 2% higher than yesterday.
Bitcoin Next Target: $5,300 BTC/USD Exchange Rate Value
The main issue faced by the market at the moment is that the $5,200 USD mark seems to be a formidable resistance level. Bitcoin goes up sometimes and overcomes the barrier, but it is unable to reach $5,300 USD.
Because of this, experts have affirmed that breaking this resistance level, which seems to be near and far at the same time, is the next goal at the moment. The peak of Bitcoin was $5,417 USD on April 10, but it was short lived and the token went to under $5,200 USD once more soon afterward.
Fortunately, many analysts are confident that the prices may still reach $6,000 USD and that this will be an easy target, so remaining above $5,300 USD is far from a difficult mission if the uptrend continues.
Altcoins Are Going Up
As usual, altcoins are being positively influenced by the green trend. Most cryptocurrencies from the top stops are seeing gains in the two digits recently and even some unknown ones are being also resurrected.
In fact, the situation is so good that even Bitcoin SV is seeing some green. The token recently went down 24% because it was delisted from Binance, but the market is so good right now that even the token was able to go up 1% today.
It seems like the market is finally getting heated again, so the trend may continue for some time. However, always remember that cryptos are very volatile assets and that you may incur losses even during upward trends.
Live Bitcoin (BTC) Price:
1 BTC/USD =$29,722.4693 change ~ 1.12%