Bull Trend: Bitcoin Climbs To $4000
It is likely that bulls are knocking at BTC’s new door, enabling to hook it up to $4000. As crypto enthusiasts often look at the way billionaires, like Jack Dorsey (Twitter), Elon Musk (Tesla), Mark Zuckerberg (Facebook) and many other high profile figures from different industries look at the world’s largest cryptocurrency – this is because of history evident its quick impact on the graph of Coinmarketcap, Coingape reports.
The LongForecast.com site suggests a neutral and conservative scenario for March 2019, saying that the open $3,827 price may jump within the range between the low of $3,278 and a high of $4,371. The close price, it says, will be $4,048 with a monthly return of +5.8 percent.
Bitcoin is currently getting traded at USD 3,896.37 (UTC time 07:46). It is the largest cryptocurrency among all digital currencies. It’s market cap has a striking value worth of USD 68,472,666,011. The number of bitcoins is scarce, and currently, 17,573,437 BTC are available to trade in various cryptocurrency exchanges. Compared to its yesterday’s price, the value of BTC has been increased by 3.26%, and it is now following a bullish trend.
On a top down approach, BTC is technically bearish but the re-test phase will be marked by a retest of $6,000 and that means bulls must close above $4,500 as streams from price action invalidate the bear breakout of mid-Nov 2018. As a result of this, we expect a surge above $4,000 and $4,500 with this position being null if prices sink below $3,500—data from BitFinex.