The entire digital currency market has been stuck within a tight range over the past couple of months. Many have been waiting for the next Bitcoin bull run and crypto bull run. Bitcoin (BTC) has been trading around the $4k level for quite some time now. The digital currency has been encountering a stiff hurdle at the $4,100 level whenever it tries to recover higher. While crypto bull run and bitcoin bull run is needed to support the bullish Bitcoin price predictions 2019 out there, the bears have refused to give up.
Fortunately, Bitcoin price just broke over a major hurdle point. The dominant cryptocurrency just broke over the $4,100 resistance, which has been a major challenge for Bitcoin. Lately, interest in Bitcoin and other cons have significantly soared. Many want to know more about the technology, as they begin to search for smart crypto courses, Glenn Beck crypto course, world crypto con, smart crypto course.com, crypto invest summit, and other top crypto classes.
The Bear Market Will Soon Come to an End
The recent price action of Bitcoin (BTC) over the $4,100 mark is a very bullish one. The next resistance of the cryptocurrency is now at the $4,200 level. One analyst believes that a break over this resistance level will signify the end of the bear market. It took Bitcoin a lot of time to break over this resistance level. Over the past month, Bitcoin failed to break over this level on several occasions. The digital currency lacked enough buying pressure and bullish momentum. The late 2017 Bitcoin bull and crypto bull run were nowhere to be found, and Bitcoin was stuck.
Josh Rager Believes Bitcoin (BTC) Might Still Test the $3k Level
The present price action of Bitcoin looks positive, but one analyst believes it could plunge lower. While there are bullish Bitcoin price predictions such as Tom Lee Bitcoin price prediction 2019, some are predicting in the opposite direction. A popular digital currency analyst on Twitter – Josh Rager – said that Bitcoin price will plunge towards the $3,500 level before it could find strong buying pressure. If Bitcoin price plunge to the $3,500 zone, it might retest its 2018 lows of about $3,200.
The Bear Market Has Technically Been Over for a Couple of Months
Crypto bulls are excited about the trend that a break over the $4,200 would mean that the Bitcoin bear market is over. Regarding this, Alex Kruger said that the crypto bear market has technically been over for a couple of months. What’s remaining is the just the bear trend, and it may soon be over. Crypto 2019, will Bitcoin recover, will crypto every recover? While these are the questions of many crypto bulls, there are lots of factors pointing to the fact that Bitcoin and the cryptocurrency market will recover. However, this might take a little while. But a Bitcoin bull run, and crypto bull run is on the way. Tom Lee Bitcoin price prediction 2019 is one of the predictions many look up to in the space.
Bitcoin (BTC) Price Today – BTC / USD
At press time according to CoinMarketCap, the dominant digital currency in the market is trading at $4,120 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $72.22 billion. The trade volume of the digital currency over the past twenty-four hours is $16.49 billion.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.