Crypto Market Prepared to Move Up: Bitcoin Traders Eye $3600 amid Sudden Price Surge

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

The cryptocurrency markets are again gaining momentum and about $ 5 billion is being reinvested in digital assets.

Yesterday’s dive had all signs of a bigger drop as the crypto community quarreled over BSV’s fate following Binance and other major exchanges boycott. Kraken followed suit after an online survey collected more than 70,000 responses and secured a community vote of 71% to get rid of Scam altcoin.

Bitcoin needs to touch $ 5,600

Source: Coin360

Bitcoin reached its next level of resistance, analysts are looking for signals in recent price charts and graphs for the next direction Bitcoin will take. Many of them are optimistic that it will make a higher movement before retiring;

Bitcoin must break its resistance at $ 5,400 before making further gains. This is the highest point reached Thursday of last week. It is therefore very likely that the next test is again at the same level. The next resistance zone is about $ 5,600, but once it’s lifted, BTC could reach $ 6,000 very quickly.

Currently, Bitcoin is trading at $ 5,250, a five-day high, up 3.3% on the day. The 24-hour daily volume remained steady at over $ 11 billion and the move drove the rest of the crypto market up. Since early April, Bitcoins have gained 28% and have remained above USD 5,000 for the better part of the month. The dominance of the BTC also climbed to 52.3%, boosting the market.

Total market capitalization is currently $ 177 billion, a 3% jump that day, with an inflow of more than $ 5 billion. Monero is doing well right now with a 6% gain on the day to $ 68. Tezos is also back in the bullish territory as it climbs 9% to $ 1.15. BAT is also on the upswing as it climbs 12.5% today to reach $ 0.329.

The daily volume for the entire market is still more than $ 40 billion, which is a bullish sign of the possibility of additional earnings. Since the beginning of 2019, the crypto markets have gained 40%, while all memories of the crypto winter begin to fade with the arrival of spring.

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