Bitcoin Jumps Cryptos Pump ! Price Summary BTC / STEEM / SBD

Bitcoin Shoots to $6674

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It is currently up more than 5%

This is its 2nd leg up.

Days ago it made a bottom at around $5800-$5900 levels.

From there it bounced vertically to about $6470

This move does feel like that it is going to extent itself.

When the King of the Jungle moves it has an impact on everything.

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The Total Cryptocurrency Market Cap as a result has moved up to $269 Billion.

Below is the Snapshot of the Top 10 Cryptocurrencies by Marketcap (source: coinmarketcap)

BTC Dominance still remains strong at 42%

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Key Levels to watch on Bitcoin

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Bitcoin is currently trading above its 14 day and 21 day Moving Averages.

Next stop could be the 55 day moving average that stands at $7347

But mind you, we are still trading below the most crucial 200 Day moving average, that stands at $9641

So, we continue to remain in a Bear Market until we trade above $9641 for a few days and close higher than that on a consistent basis.

Meanwhile it is important to understand, when it comes to markets anything can happen any moment of time and therefore nothing in this article should be taken as investment advice.

(source: bitcoinpile.com)

In this Bullish sentiment, Steem is also doing decently well.

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Steem CMP being $1.67

SBD CMP being $1.27

Fingers crossed.

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Let's hope this is the beginning of a New Bull Market for Cryptocurrencies. !