Bitcoin Price Rages to New 2019 High Beyond $5,900 with Fuming Bulls Ahead
In three hours, the bitcoin price surged from $5,682 to $5,910 on Coinbase exchange, a regulated crypto exchange that operates in the U.S., reaching a new 2019 high.
In the past week, the bitcoin price has soared by more than 11 percent, allowing the rest of the crypto market to add $20 billion to its market capitalization.
In consideration of the recent performance of bitcoin and the projections of industry experts, prominent crypto researcher Willy Woo has said he is 95 percent certain the low $3,000 region was the bottom for bitcoin.
In the last week we have seen positive movement in bitcoin price and now its heading to USD 6000 mark. The good thing is that the price was quite stable which is helping alt coins to grow at the same time.
If the same trend continues then we can expect the next price stop at 6200 as this is a strong support level and if it crosses 6200 mark with good volume then next mark of 6500 will be crossed.
Its to early to say that it could be bull run but lets see this growth and enjoy the green colour prices.
thank you and have a great day.
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