The Cryptocurrency markets are turning around for the green after trading sideways at the beginning of the day. In a span of just 4 hours, the price of bitcoin has surged to hit 7 months high, Bitcoin took a long leap from $5,682 to $5,955, as per Coinmarketcap data, with this bitcoin reaching a new high for 2019.
In the last seven days, the price of bitcoin has shown significant growth where Bitcoin started the week with $5242.69 and Now trading at $5,955 up by 14.1% within 7 days.
At the time of writing, Bitcoin (BTC) price at $5,945.91 with a 24-hour trading volume of $19,036,100,012. Price is up 4.8% in the last 24 hours. It has a circulating supply of 17.7 Million coins and a max supply of 21 Million Coins. The most active exchange that is trading Bitcoin is FCoin.
While crypto researcher willy woo indicated that bitcoin could fall as low as $3100, as he said earlier the price of bitcoin fell from more than $ 6,000 in the end to $ 3,150.
The bull market (upward and onwards) has not formally confirmed just yet. We need to successfully retest the 200 day MA & Realised Cap (both ~$4400 right now), or without retest we need to stay above them for a sizeable time, say another month. pic.twitter.com/gTVOtkVEYI
— Willy Woo (@woonomic) May 6, 2019