Today’s 22% price jump for BTC/USD has generated a lot of buzz, but what’s immediately apparent is a rising trend up. The jump, which took place during the morning of 2 April, took BTC from $4,184 to a peak of $5,120 over the course of an hour, before correcting down to $4,800. Major altcoins, including ETH, EOS, and XRP also showed similar movements during that span. Even LTC, a consistent outperformer seemingly unaffected by the crypto-wide bear market, jumped from $60 to $70 over the same period.
This wasn’t entirely unexpected - in fact, our own analysts at Monfex have published numerous technical analysis reports over the past month, which have been proven correct. You can read these reports on the Monfex blog, and many more, by following us at Monfex on TradingView. Our professional, expert analysts are interpreting and analyzing market trends - and, considering our successful track record, these analyses can serve as a useful tool in formulating your own trading decisions.
Open an account at monfex.com today, and start trading to take advantage of this price surge, and many more opportunities to come!
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. No representation or warranty is given as to the accuracy, timeliness, or completeness of this information. Consequently, any person acting on it does so entirely at their own risk.