Why Did Bitcoin Spike? Crypto Trading Chart Analysis

Описание: Bitcoin and Ethereum have started April on the front foot. It’s been a long time since analysts have been able to say this and bullish crypto traders are full of positive spring energy. The Bitcoin price today is something they’re loving, as it seemed that cryptocurrency news in 2019 was going to be all doom and gloom.

The latest Bitcoin news today is anything but. Bitcoin trading has seen increased volume and the price has held above $5000 for the third straight day. The Ethereum latest news today indicates that it too is seeing a strong positive momentum, mirroring that of its more popular counterpart.

So we at currency.com decided to perform a chart analysis of Bitcoin and Ethereum, as our cryptocurrency exchange offers some powerful tools for technical analysis.

We go further back to put the Bitcoin 2019 resurgence into perspective, as well as the Ethereum price today. This crypto trading chart analysis, combined with a deeper look into the fundamentals of the two most popular digital currencies, allows us to identify the nearest critical levels that will act as support and resistance in the coming days, weeks and months.

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