Here’s Why Bitcoin Price is Looking at an Eye-Popping Bull Run14.4

Hackers stole $40 million worth of bitcoin from one of the largest cryptocurrency exchanges; the New York Attorney General sued a bitcoin exchange for allegedly hiding its insolvency; the Chinese government hinted that it would ban bitcoin mining operations. But none of these adverse events could stop the cryptocurrency from rising above $6,000.

The BTC/USD instrument on Thursday reached its 2019 high towards $6,096, its highest in 2019. The price action helped the pair reclaim a psychological target at $6,000 which had a strong probability of deflecting the bitcoin uptrend. But with the level now broken to the upside, the bitcoin market proved that it was resilient to adverse events taking place around it. Instead, it was focusing on long-term bull factors, such as the one aroused by Fidelity Investments.

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