The Bitcoin (BTC) price rally might have plateaued following a pump in early April, but the bullish sentiment remains. With the price of BTC topping the $5,000 mark in recent weeks, investors have started to see some potential in the original cryptocurrency. However, with a prominent name in the community threatening to upset the applecart, the party may not last forever.
Bitcoin’s Bottom-Line Looking Strong
Looking at the technical analysis, bearish trend lines with resistance at $5,080 were broken on April 15, pushing the digital token into the bullish zone. Although few are ready to get swept away by the same hype we saw in 2017, anyone looking to buy BTC right now could be entering at a great time.
The immediate impact of a Bitcoin price boom is obvious for those with active holdings. Although fluctuations are a natural part of the market, the recent surge has raised the coin’s bottom-line. Indeed, looking at the BTC price chart between March 15 and April 15, the average daily price has increased from $4,000 to $5,000….