After a sleepy start to 2019 for the digital currency, yesterday saw a return of volatility to the digital asset.
5 a.m. Tuesday morning saw the price rally in a big way, above the psychological handle of $5,000, we have since peaked to highs of $5,087.54 this morning. The price is still hovering around the $5,000 mark but since establishing the high has slipped just below the big number.
Volumes in the digital asset also peaked. As of this morning's high the 24-hour volume for the Bitcoin was in excess of 24 billion USD, the highest volume traded in the digital asset since we were above the $15,000 mark.
On the technical front clearing and holding above the $5,000 level is the initial hurdle, after that the next resistance stands at the $6,000 mark. As of writing, Bitcoin is currently +$162.45 on the day and +3.38% so it looks like the digital currency wants to hold on to its gains.
As is with common with the digital coins once one of them rallies it tends to take others with it and that is what we have seen over the last couple of days with almost all the major cryptocurrencies on our Bloomberg monitor at the top end of their 30-day range, with Litecoin pushing further ahead today, currently +13.11%.
All these assets are available to trade through GO Markets MT5.
BTCUSD
5 a.m. Tuesday morning saw the price rally in a big way, above the psychological handle of $5,000, we have since peaked to highs of $5,087.54 this morning. The price is still hovering around the $5,000 mark but since establishing the high has slipped just below the big number.
Volumes in the digital asset also peaked. As of this morning's high the 24-hour volume for the Bitcoin was in excess of 24 billion USD, the highest volume traded in the digital asset since we were above the $15,000 mark.
On the technical front clearing and holding above the $5,000 level is the initial hurdle, after that the next resistance stands at the $6,000 mark. As of writing, Bitcoin is currently +$162.45 on the day and +3.38% so it looks like the digital currency wants to hold on to its gains.
As is with common with the digital coins once one of them rallies it tends to take others with it and that is what we have seen over the last couple of days with almost all the major cryptocurrencies on our Bloomberg monitor at the top end of their 30-day range, with Litecoin pushing further ahead today, currently +13.11%.
All these assets are available to trade through GO Markets MT5.
BTCUSD