Bitcoin picks up again in April : should we expect a long-term turnaround ? :


After its fall in early February, bitcoin is likely to resume growth, reaching $ 8,570, the record since the beginning of April. According to CryptoLife director Mansour Housseïnov, this could indicate a long-term shift in the most popular virtual currency.

The price of bitcoin, which has plummeted since February, went up this Friday on the rise by reaching $ 8,570 on the largest digital currency exchange platform in the world, Bitfinex, which represents a record since the beginning of April .

"Friday morning trading was on a positive note, and in the afternoon growth accelerated and bitcoin reached $ 8,570, the maximum of the current month," said Sputnik Mansour Housseïnov, director of CryptoLife .
The analyst noted that the value of bitcoin had risen above the downward trend line and that a long-term turnaround could now be expected.

"The next line of resistance is in the range of $ 9,500-10,000," he concluded.

According to the CoinMarketCap site, at 9:08 pm Paris time, the price of bitcoin rose 2.95% to $ 8,500. The Bitfinex stock market, meanwhile, recorded an increase of 2.97%, to 8,500 dollars, and Binance of 2.87%, to 8,510 dollars.

Other virtual currencies are also on a positive note.

The Ripple, known as XRP, gained 16.68% to 0.87 dollars. The Ethereum rose 6.27 percent to $ 592.40, according to CoinMarketCap. EOS cryptocurrency is up more than 20%, reaching $ 11,160 on the Bitfinex trading platform.

The market capitalization of the entire cryptocurrency market, according to CoinMarketCap, is currently $ 328.16 billion.
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