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Bull Run Alert: Bitcoin Price Breaks Above $4,800, Top Altcoins in the Green

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Tue, 2/04/2019 - 6:07
Bull Run Alert: Bitcoin Price Breaks Above $4,800, Top Altcoins in the Green
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Bitcoin (BTC) has just surpassed the $4,800 mark, reaching its four-month high. At the time of writing this article, the BTC price is sitting at $4,869.95, surging by almost 18 percent in one hour.

Bitcoin (BTC)

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As reported by U.Today, the number one cryptocurrency has experienced incremental growth during the first quarter. The Bitcoin price has managed to break above its 200-day moving average (MA) for the first time since March 2018.  

The fact that its volatility reached the 2016 level was a precursor to another bull run. However, it is not clear what triggered such an unexpected surge. There are some suggestions that the price move was caused by a short squeeze on Bitfinex, so Bitcoin bulls shouldn’t get too excited about that. If that’s the case, the price will shortly correct itself back to $4,200.
 

However, some cryptocurrency trading experts predict that it’s not the end of this craze price surge, and there is a possibility that we could see Bitcoin touching $5,500 by the end of the day.

 

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Where Bitcoin goes, altcoins follow

As expected, such a rapid price increase turned the whole market green. However, Bitcoin remains the biggest gainer inside the top 10 with a double-digit price uptick.   

Bitcoin

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