As in crypto, following our past week’s analysis, Bitcoin didn’t disappoint its fans and provided the anticipated significant move, and yes, it’s a green bullish move.
The king of the cryptocurrencies had reached a new yearly record, as well as a new 2019 high after breaking up the $8400 level following a reasonable bullish candle.
In a little more than an hour, Bitcoin surged $800 to capture $8800 resistance as the new 2019 high, as of writing this.
As always during the past few weeks, we get significant sharp moves during the weekend. As mentioned before, the trading volume during the weekends is a lot fewer than the volume of weekdays; hence, it’s a lot easier to move the crypto markets.