The market sentiment of the digital currency space has been bullish for some time now. The foremost cryptocurrency, bitcoin had been aiming to retest the $4,200 level which acted as resistance. It is possible that the coin broke past the resistance which propelled it as the buying pressure rose and pushed the price over $5,000 for a short time.
The whole crypto world is wondering when the next crypto bull run would start for a long crypto winter. Many bitcoin and XRP price prediction 2019 revealed that a bull run is on the way. However, many were not expecting the next crypto bull run to start on the first day of April.
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin Cash (BCH)
Bitcoin Gold (BTG)
When we look out the comments on social media, it would appear that the bear market is finally over, and the next crypto bull run has started.
Twitter users comment on the crypto bull run
For the first time in 4 months, bitcoin has broken $4,200 cleanly and is now at $4,400 [good morning]💪
— Joseph Young (@iamjosephyoung) April 2, 2019
I’m just going to leave this here! https://t.co/k7tirdXh1u
— Ran NeuNer (@cryptomanran) April 2, 2019
— Lukas Bydzovsky (@LukasBydzovsky) April 2, 2019
Other members of the community are pleased with the development. They believe that this is the much-needed spark the crypto community should get to draw in more investors.
It is definitely a breath of fresh air for the crypto market. However, bitcoin traders were happier than altcoin traders as the latter didn’t see high rises in price.
The famous Crypto Dog also tweeted, encouraging community members to buy altcoins. Since they are still low, they could be the best bet when the bull run starts officially. Source: Smartereum
If you aren't buying $ALTS now you hate money
— The Crypto Dog📈 (@TheCryptoDog) April 2, 2019
Bitcoin’s Big Boom: What Caused Today’s Bull Run?
According to cryptodaily, Bitcoin has seen some big price gains with the price now over the $4,500 mark at the time of writing. Now it seems that this outbreak has been in the works for the past week or so since the leading digital currency has been doing well for a few weeks or so with not many losses and some decent stability.
Bitcoin has now surged more than fifteen percent at the current time of writing leaving it with a price of $4,784 which is the highest it has been in months.
Over the past day, several green candles have pushed the price of Bitcoin in a positive way, the source of the big purchases is unknown although it is likely that a whale or two could be egging the market on into more action.
Many are optimistic on this sudden bull run but with Bitcoin being something that isn’t just new but is volatile and unpredictable, it’s hard to say what the future will hold.
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