MASSIVE MOVE COMING FOR BITCOIN!?
Despite the decrease in volatility, the bitcoin rate is gradually increasing and today has set a new monthly maximum. The cryptocurrency market is also smoothly increasing capitalization, albeit with varying success..
After another jump, the price of bitcoin today briefly broke the $ 4,100 mark, but the subsequent correction cooled the market a little. The breakout was a consequence of the formation of a bullish flag on the price chart, and if traders manage to keep the rate above 4060, then the positive trend will continue. It will also stimulate the market to new assault attempts and will open the way to the February high of $ 4190. If this top is taken by the end of the weekend, it will create a long-term upward impulse.
At the time of this writing, BTC is trading at $ 4097, with a daily gain of 0.16% and the market is again moving towards the nearest round figure.
Over the past 24 hours, other cryptocurrencies have also not changed much in value. Ethereum (ETH) added 0.34% and its rate is $ 140.8, while Ripple (XRP) fell 0.48% to $ 0.308. EOS has stopped its meteoric rise and is trading at $ 4.32 with a daily gain of 0.07%.
Litecoin (LTC) and Bitcoin Cash (BCH) dropped 0.65% and 0.34% to $ 61.13 and $ 170, respectively. Against the general background, the Basic Attention token stands out, which jumped by 26.83% in a day, and its price now reaches almost $ 0.3.
Despite widespread acceptance, analysts do not consider Bitcoin to be the most promising cryptocurrency of 2019. According to the forecast rating financial Weiss Ratings, MTC inferior to XRP and EOS in terms of long-term success.
text: Ivan Malichenko, photo: s1.1zoom, Shutterstock, chart: CoinMarketCap