Several days ago, on Tuesday, February 19th, Bitcoin (BTC) finally managed to break the resistance and go over the price of 4,000$, which made it an all-time high price for 2019 at this point.
In the meanwhile, the rest of the cryptocurrency market seems to be recovering taking the same upward trend as the top trading currency, which is why Ethereum (ETH) for instance, is seen 20% up against the fiat in the last 7 days.
The cryptocurrency winter is still not proclaimed over as the market is still suffering from the bearish 2018, however, having Bitcoin at its peak price for the past 9 months can be taken into consideration as a sign that the crypto market is slowly but steadily taking a road towards recovering.
When Will Bitcoin and Crypto Go Up Again?
Even though Bitcoin was trading at 4,000$ once again only a few days ago, we can see the top crypto at a slight decline, currently trading at the price of 3,982$. Still, although BTC dropped below 4,000$ again, the top crypto is still traded near its 9-month high.
In the meanwhile, BTC is showing a bullish return on February 22nd as the crypto is taking an upward trend in the last 24 hours, going up by nearly 1% and showcasing a positive return of over 9% in the last seven days.
Based on the current trends in the market, many analysts are positive on the future of Bitcoin and cryptocurrencies, predicting a serious surge by the end of 2019.
During the course of only two days during the current week of February 2019, the total value of cryptocurrency market increased by 15 billion dollars, indicating that the market is recovering.
At this pace of growth, the crypto market might as well see the much-needed bull run by the end of 2019.