Bitcoins one-day prize is collected on the verge of carving out somewhere in the history books, on a chart

The bitcoin surplus on Tuesday has set the digital currency on rainfall to enter rare territories for the size of the last rally.

In early afternoon trading, a single bitcoin

BTCUSD, + 0.01%

fetched just shy of $ 5,000, up 19.8% a day, marking its biggest one-day rally since December 11, 2017, and the fifth largest daily jump for more than five years, according to Dow Jones Market Data.

During all of the bitcoin madness, the crypto course has logged in only five sessions of winnings over 20% over the past five years.

Bitcoin Daily Price Changes 2017 to Present

Read: Bitcoin jumped as much as 20%: Here's what experts say about the move

And if it feels like some investors have been caught firmly in the rise in prices In an asset that has become known for its sometimes seismic gyrations, you would be right. March marked the narrowest trading area for bitcoin since early 2017, and the crypto course closed in the first quarter of 2019 with a trading area of ​​25%, the densest price range since the second quarter of 2015.

"It feels like a blast from the past when I look at a bitcoin chart this morning," said Craig Erlam, senior market analyst at Oanda. "Every time we've traded around $ 4,200-4,400 since late November, the [the] price has peaked and headed south."

Read: Bitcoin is about to set a new record – and this can actually be a good one

Gains for the world's No. 1 digital currency have come despite a number of news updates that normally will be bearish for prices.

29. In March, two bitcoin-backed listed fund proposals were delayed by the Securities and Exchange Commission, and on March 15, CBO said it was throwing in the towel with its bitcoin futures offer.

But if history has taught us something about bitcoin, it is that the market should expect the unexpected.

Now, with bitcoin fixed by December 2018, the small, nuances of the 2017 halcyon days – where prices rose to nearly $ 20,000 a bitcoin in December of that same year – begin again: "What matters more is what's happening after That rally. If investors do not immediately sell into the force, then we indicate that we are not yet balanced, "wrote Jeff Dorman, CIO at Arca in a note to MarketWatch.

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