Bitcoin price has begun to attract eyeballs once again! After a market slump which lasted for over a year, cryptocurrency markets are beginning to get green once again! Bitcoin price appears to be recovering as cryptocurrency volumes continue to record a new high every day!
Let us take a closer look at the crypto markets and understand the direction that BTC price is expected to take over the days to follow:
Analysts and professional crypto traders expect the markets to boom anytime now! This is because volumes of trade are increasing. They have almost doubled up when compared to the all-time low of last year. At their lowest point in 2018, cryptocurrencies worth just $6 Billion were traded over the 24-hour period. However, the last 24 hours saw a trade of over $14 Billion.
Total market capital has now witnessed the highest growth since late 2017 when Bitcoin was just beyond $10,000. This indicates that the markets are feeling positive and a bull-run is right around the corner!
If this positive sentiment continues, $BTC price is going to get a bullish momentum any time now. The first target for Bitcoin price in March should be breaking past the $4,000 price point. If that happens, the next should be close to $4,720-$4-7,50. Upon crossing that, $6,000 too, is possible.
A reasonable prediction for March 2019 for BTC price, however, would be in the range of $4,200-$4,600. However, one thing is certain the crypto winter appears to be fading away!
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