Bears Banished as Crypto Markets Hit Five Month High5.4

It has been a great start to the weekend for cryptocurrencies as markets hit fresh 2019 highs. Bitcoin is once again the dominating factor as it grinds ever higher in a push towards $6,000. Over $8 billion has been added to crypto assets over the past 24 hours pushing market capitalization to a new five month high.

Bitcoin posted a fresh yearly high of $5,884 a few hours ago before moving back to the $5,800 area. The push has resulted in a 4 percent daily gain for BTC with volume approaching $20 billion. Resistance at $5,600 was overcome with ease this time and the next target is $6,000. Bitcoin has now moved above the 50 week moving average, at least on the Tradingview charts.

Original source
https://www.newsbtc.com/2019/05/04/bears-banished-as-crypto-markets-hit-five-month-high/

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