{"id":6639,"date":"2019-04-02T16:11:47","date_gmt":"2019-04-02T13:11:47","guid":{"rendered":"https:\/\/forklog.media\/?p=6639"},"modified":"2019-04-04T14:13:42","modified_gmt":"2019-04-04T11:13:42","slug":"bitcoin-looks-bullish-after-shortly-breaking-the-5000-mark","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-looks-bullish-after-shortly-breaking-the-5000-mark\/","title":{"rendered":"Bitcoin Looks Bullish After Shortly Breaking the $5,000 Mark"},"content":{"rendered":"<p>On Tuesday, Apr 2, the flagship cryptocurrency saw a sudden, however a short-lived breakout over the $5,000 on several exchanges, followed by a correction which took the BTC price to around $4,750.<!--more--><\/p>\n<p>This, however, represents a 15 percent surge in price over a 24-hour period, with the BTC market capitalization being close to $84 billion. This is also the highest levels BTC has been trading since November 2018, when the so called \u2018crypto winter\u2019 cast its spell over the markets.<\/p>\n<p>More importantly, Bitcoin managed to break out from a defined area of resistance at $4,200, continuing its positive recent trend.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/btc-190402.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6640\" src=\"https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/btc-190402.png\" alt=\"Bitcoin Looks Bullish After Shortly Breaking the $5,000 Mark\" width=\"820\" height=\"450\" srcset=\"https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/btc-190402.png 1140w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/btc-190402-300x164.png 300w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/btc-190402-768x421.png 768w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/btc-190402-1024x561.png 1024w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/btc-190402-470x258.png 470w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/a><\/p>\n<p>The rally to a 4.5-month high was accompanied by a surge in 24-hour trading volumes to above $15 billion \u2013 the highest since mid-January 2018, according to CoinMarketCap.<\/p>\n<p>As Alec Ziupsnys aka Rhythm Trader, a leading industry analyst, recently pointed out, it is also the first time since Bitcoin breached $20,000, the cryptocurrency has posted six weeks of consecutive gains.<br \/>\nIn mid-February, BTC rallied by 2.9%, followed by 1.58%, 2.86%, 1.73%, and 0.11%, and lastly, 3.18% over the last week.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">For the first time since its all-time-high, Bitcoin rose for six consecutive weeks.<\/p>\n<p>Weekly change:<\/p>\n<p>+2.90%<br \/>\n+1.58%<br \/>\n+2.86%<br \/>\n+1.73%<br \/>\n+0.11%<br \/>\n+3.18%<\/p>\n<p>\u2014 The Rhythm Trader (@Rhythmtrader) <a href=\"https:\/\/twitter.com\/Rhythmtrader\/status\/1112685665714667521?ref_src=twsrc%5Etfw\">April 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of writing (1pm UTC), BTC is changing hands at $4,800 on Bitstamp, representing a 15 percent gain on a 24-hour basis.<\/p>\n<p>Other major cryptocurrencies like Litecoin, EOS, Bitcoin Cash, Cardano and Tron are seeing double-digit gains as well. The overall market cap capitalization has stabilized around the $184 billion mark.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/crypto-190402.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6641\" src=\"https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/crypto-190402.png\" alt=\"Bitcoin Looks Bullish After Shortly Breaking the $5,000 Mark\" width=\"820\" height=\"565\" srcset=\"https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/crypto-190402.png 1156w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/crypto-190402-300x207.png 300w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/crypto-190402-768x529.png 768w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/crypto-190402-1024x705.png 1024w, https:\/\/u1f987.com\/en\/wp-content\/uploads\/2019\/04\/crypto-190402-470x324.png 470w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/a><\/p>\n<p>Follow ForkLog on <span style=\"text-decoration: underline;\"><a href=\" https:\/\/twitter.com\/forklog_en\/\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/span> and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.facebook.com\/forklogen\/\" target=\"_blank\" rel=\"nofollow noopener\"> Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, Apr 2, the flagship cryptocurrency saw a sudden, however a short-lived breakout over the $5,000 on several exchanges, followed by a correction which took the BTC price to around $4,750.<\/p>\n","protected":false},"author":1,"featured_media":6646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,172],"class_list":["post-6639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-markets"],"aioseo_notices":[],"amp_enabled":true,"views":"301","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/6639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=6639"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/6639\/revisions"}],"predecessor-version":[{"id":6642,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/6639\/revisions\/6642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/6646"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=6639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=6639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=6639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}