Since the beginning of April, we are seeing an optimistic bullish trend in the cryptocurrency markets as Bitcoin (BTC) market surpasses the $4,100 mark on 1 April 2019.
The following day, Bitcoin experienced a huge spike to peaking around $5,000, a surge of 21.9% in the price levels in an hour.
At the moment, the key price level to watch for Bitcoin is at $4,700. If the market is able to hold and remain close above this price level, we are looking at an expected trading zone of $5,000 to $7,000 in the month of April.
A good price level to enter the BTC market when price dips would be around $4,600 to $4,700 as we are expecting markets to have turned bullish in our favour.
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Disclaimer: The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Tokenize Xchange. Every investment and trading move involves risk, you should conduct your own research when making a decision.