Bitcoin price inched higher April 1 as the largest cryptocurrency begins a new month trading above $4100.
Bitcoin Price Holds Above $4100
Data from cryptocurrency exchange Bitstamp, which traditionally hosts a more conservative price tracker than other major exchanges, showed Bitcoin at $4112 at press time Monday.
BTC/USD had hit $4129 earlier in the day, marking a high not seen since a retest of the $4000 barrier in late December 2018.
As Bitcoinist reported, concerns had lingered that a failure to close out March above $3800 would result in a fresh bearish move for the Bitcoin price.
Now, however, it would appear support remains firmly in place for BTC/USD, which has managed to stay above $4000 since March 29.
Predictably, Bitcoin advocates from trading circles were buoyed by the latest price action, entrepreneur Alistair Milne summarizing the mood on social media.
“Pretty much every OG Bitcoin trader I respect is now leaning bullish,” he wrote Sunday.
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