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Home / Business / Bitcoin Price Hits $ 8.3K annually high as Bull Market & # 39; 99% & # 39; Guaranteed

Bitcoin Price Hits $ 8.3K annually high as Bull Market & # 39; 99% & # 39; Guaranteed



The Bitcoin Prize broke annually high May 14, when the 2019 bull continues to shock traders and analysts, even far beyond the crypto industry.


Bitcoin Price Caps 100% 2019 Growth

Data from even the more conservative Bitcoin price rangers, such as exchange Bitstamp confirmed the continuation of Bitcoin's awe-inspiring breakout on Tuesday, BTC / USD rising over $ 83,000 at press time.

The figure marks the highest Bitcoin price since May 201

8, sealed in the bear market which at one time took markets as low as $ 3100.

Conversely, the trend, which began on April 1, has in the meantime proved to be everything else than an April's joke.

In the last week alone, BTC has delivered 40 percent gains. 0 0 24-hour performance is now at 17 percent, expanding.

For anyone who bought bitcoin even two weeks in its bullish trend in mid-April, BTC has made gains of more than 60 percent.

Woo: We have 99% Left The Bears Behind

Not surprisingly, the numbers that were already sure that the bear market had ended too well celebrated this week.

Pointing to fresh technical evidence, Willy Woo, who said in April that he was 95 percent sure that Bitcoin had already tied itself close to $ 3,000, so the bull market was now "99 percent".

"In BTCs year) trading history, crossed over 200 day moving averages … for any significant time (say (eight weeks) +) has signed (sic) customs season. Even a super conservative trendline support sets us over 200DMA, he wrote on Twitter and commented on an accompanying chart.

Others highlighted different achievements Bitcoin saw its largest daily volume in history two days in a row this week, Morgan Creek Digital co-founder Anthony Pompliano noted and added that the Bitcoin price was already over 100 percent in 2019.

Beyond Bitcoin Prize s, CME Group reported that its Bitcoin futures product had still seen record volumes on Monday.

China, Consensus and eBay

Attempts to find a reason for the strength of the parabolic race in between, many cited the ongoing trade with the US and China war tensions as the driving force demanded from what was once Bitcoin's largest market.

For Tom Lee, the Fundstrat co-founder and frequent bullish forecaster, this week's consensus 2019 conference also provided motivation for Bitcoin price gains.

The incident had no impact on the markets in 2018, with commentators who noted that in For years, eBay sponsor and eye-catching pro-crypto presence has created a completely different atmosphere.

As Bitcoinist reported, the online marketplace's publicity material announced that it would at least introduce some form of crypto-payment-focused payment methods in the future.

Where will the Bitcoin Prize go this week? Please let us know in the comments below!


Pictures via Shutterstock, Tradingview.com


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