Bitcoin Hits New High of 2019 – $5000 Crossed


The World biggest and valuable cryptocurrency Bitcoin (BTC) price surpasses $5000 rapidly from near around $4200 and make a new high from previous 16 weekly candles. 24h Volume if Bitcoin (BTC) is $10B yesterday, which is increased to $16.7B and that’s the change of volume of $6.7B in a day.

bitcoin chart

It almost 23.1% up from yesterday price and the Market cap is also increased from $146B to $163B+. Meanwhile, Dominance of Bitcoin (BTC) and Etherum (ETH) was 50.1% and 10.33% which rises to 52.35 and 9.81 respectively. Currently, the dominance of Bitcoin (BTC) is 51.36 and Etherum (ETH) is 10.09.

If we’ll see previous candles from today then Moving Average (MA) acts as strong support and market tested it many times also.

If we use Moving Average (MA) of 50 and 100 then, we already get a good bullish signal and a pretty Inverse Head & Shoulder (IHS) is also giving a bullish signal. As per our previous post (Which was given 2 days before from this), there’s a Symmetrical Triangle in 1D time-frame

Etherum (ETH) and Bitcoin Cash (BCH), the most volatile coin of the cryptocurrency market and currently ranking under top 10 after this great pump, Etherum (ETH) and Bitcoin Cash (BCH) performed very well in terms of USD. ETH gained 10%+ within a few hours and BCH gained more 30%.

Litecoin (LTC) also followed the trend and moved more than 15%+ and some other Altcoin (ALTS) also moved with good momentum but some of the coins also dumped more than 8-10%. But almost every coin runs up and shows a green candle.

Checkout our previous post based on Bitcoin (BTC) prediction.

Also read : Binance Announced New ICO – MATIC