The 23 percent rally that sent the bitcoin price to its four-month high did not start with an April Fools’ Day joke.
It is wise for analysts and financial professionals to look for clues behind any unnatural price action. It took bitcoin only one hour to break a plethora of strong resistance levels and claim $5,023 as its session high. Many analysts on Twitter showed their lack of awareness about the price movement. Some looked for answers in technical patterns, while others merely refuted bitcoin’s upside move as April Fools’ rally. Have a look: