Sunday, December 10, 2023

Market Watch April 2: Bitcoin breaks resistance at $45,500, crypto market lights up

Bitcoin made a quick upward movement past the resistance at the $45,500 market after slumping to a high low of $44,000 yesterday. It is set to test further upward trend in the weekend. Recovery has been seen across the cryptocurrency market. It is now taking a bullish stance.

At the time of writing this article, BTC’s price has gained 4.05% in the last 24-hours. Bitcoin is trading at $46,602. The popular crypto has regained its previous loss. Ethereum is up by 6.89% and is changing hands at $3,482. Analysts say the bullish momentum has returned to the market. Earlier in the week, Bitcoin and Ethereum saw strong surges in their prices leading to the $48,000 major resistance. It should be noted that BTC managed to swing around the $45,000 – $46,000 mark without much hesitation. This shows strong strength in the overall market structure.

But analysts say the bearish momentum did not follow for long as a strong reversal began over the second half of the day. Bitcoin is expected to make a run for the $48,000 mark.

The altcoins are in green. Solana is up by 11.11%, Polkadot has gained 6.16%, Terra LUNA 7.43%, Cardano 6.05%, and Avalanche has seen gains of 5.66%. Meme coins Shiba Inu have gained 5.04% and Dogecoin 6.19%. Analysts believe altcoins have outperformed the major cryptocurrencies as they have low volatility.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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