RATE Group | Bitcoin majestically steps above $7,000, Ethereum and Ripple explode
85862
post-template-default,single,single-post,postid-85862,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin majestically steps above $7,000, Ethereum and Ripple explode

17 Apr Bitcoin majestically steps above $7,000, Ethereum and Ripple explode

Posted at 06:07h in Cryptocurrency News by

  • Bitcoin pre-halving volatility returns as the price jumps above $7,000.
  • Ethereum reacts massively in tandem with Bitcoin price action to form intraday highs at $174.

In a surprise move, Bitcoin has climbed several resistance levels including $6,800 and $6,900 to spike past the critical $7,000. The bullish move is a confirmation that buyers have been present in the market all along and were waiting for the right time to strike. Besides, Bitcoin halving is around the corner which means that investors are finally taking their positions in anticipation of a breakout to highs above $8,000. Many experts and cryptocurrency figures believe that halving will set Bitcoin back on the track to $20,000.

Bitcoin market update

Bitcoin price is trading at $7,036 at the time of writing after adding more than 6% to its value at the opening ($6,621). An intraday high has been formed at $7,145 from an intraday low of $6,466. It is apparent that the region between $6,450 and…

Source link

Tags:
, , , , , ,