At some point, the price of the first cryptocurrency on the Bitfinex Exchange exceeded $ 5000, this is the new maximum of 2019. Analyst Ayash Jindal is confident that the market situation has changed: we are waiting for the growth stage.
On the morning of April 2, the average market rate of Bitcoin rose to a maximum of 2019 at $ 4849, in a few hours it increased by almost 15%, after which it rolled back. On some exchanges, including Bitfinex, the price of the first cryptocurrency exceeded $ 5,000. Now the coin is trading at $ 4,652. Following it, the Altcoins, the largest in terms of capitalization, also increased - Ethereum went up by 5.9%, to $ 150.7, XRP - by 5.8%, to $ 0.330.
Over the past day, the value of the digital money market has increased by 9%, now it is $ 159 billion. Trading volumes rose by 50%, from $ 32 billion to $ 48 billion.
Today, Bitcoin overcame an important resistance level of $ 4,200, its price was close to the following key marks of $ 5,000 and $ 5,200, but was unable to overcome them, explained NewsBTC analyst Ayash Jindal. As soon as this happens, the asset can reach a level of $ 6000.
At the moment, the value of the coin is being adjusted, but in the near future it should not fall below the strong support of $ 4,400, Jindal believes. In his opinion, now for the further growth of cryptocurrency it is necessary to return above the level of $ 4850.