Bitcoin has surged more than 17% since April 11th, the price now hovers above 8100 USD at the time of writing.
The price consolidates around 8k, and so does the volume. The altcoins have finally found a much needed breather, with PundiX, Axpire, Groestlecoin and Mithril leading the pack. (200-400% gains in a week)
There hasn't been much FUD lately and we are now waiting calmly to break resistance above 8700 USD. This should be an entry point for Bitcoin and alts (if the Bitcoin run is not to rapid) which should push us into a more bullish territory. The next entry points are at 9k and 10k. When we register a daily green candle over 9k, we can tell we are about to break the bear trend with 10k as the ultimate signal for a bull run. The current support is at 7850 USD.
If you are new to crypto, you may not this but in this industry there is this unspoken rule of "Buy the rumour, sell the news" scenario. You saw it yesterday with Verge and we can assure you, this will keep on happening. The very next target for it is Tron (TRX) which has already risen a bit but the main run is coming in May. Expect some real hype as Justin Sun knows hot to market to the world.
We will keep you posted about it.
BTC dominance below 40% suggests so
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