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Chart of the day: Bitcoin

7:16 AM 2 April 2019
  • Bitcoin price surges
  • Price breaks $4175 resistance with a massive momentum
  • Bitcoin trades at the highest level in 2019

Is this a new beginning for Bitcoin? Source: xStation5

Tuesday begins with a huge spike in Bitcoin price. Bitcoin has been gaining slowly for a while but today it has literally skyrocketed by 13% (it was 17% at one point) to reach $4600 – a level not seen since November 2018. A lowered volatility made it easier for bulls to catch sellers off guard and initiate the move that could potentially start something bigger. At this point traders should keep an eye on $5190 – a 61.8% Fibo retracement of a big slump from late last year.

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