{"id":367429,"date":"2019-01-07T17:38:24","date_gmt":"2019-01-07T17:38:24","guid":{"rendered":"https:\/\/wncen.com\/?p=367429"},"modified":"2024-06-11T07:32:30","modified_gmt":"2024-06-11T07:32:30","slug":"analysts-bullish-crypto-bitcoin-rallies-past-4000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analysts-bullish-crypto-bitcoin-rallies-past-4000\/","title":{"rendered":"Analysts Bullish On Crypto As Bitcoin Rallies Past $4,000"},"content":{"rendered":"

On Sunday, the crypto market saw its first notable bout of price action in 2019, which comes after a multi-day lull following Xmas. Per previous reports from NewsBTC<\/a>, the Bitcoin (BTC) price popped over $4,000 for the first time since Christmas Eve, as buying pressure quickly pushed the asset higher in a seeming “flash flood.” Since the industry event, which quickly became the talk of the town on Twitter, the auspicious $4,000 level has held strong, giving analysts and personalities ample time to comment on this unexpected micro-rally.<\/p>\n

Bitcoin Pushes Past $4,000, Catalyzing Twitter Storm<\/h2>\n

Since BTC fell after Christmas Eve’s “Santa Claus<\/a>” rally, leading other crypto assets down with it, this market has struggled to post significant gains (or losses for that matter). Some have blamed the non-action on the holiday season, while others chalked up the week-long respite to the unpredictability of this industry. So, when Sunday’s surge finally came to fruition, a number of this industry’s leading participants were caught aback, but in a somewhat positive light.<\/p>\n

Changpeng “CZ” Zhao, the industry golden child behind Binance<\/a>, noted that his “wish finally came true,” as volatility actually pushed cryptocurrency higher. Zhao’s innocuous comment comes after market volatility pushed down BTC by upwards of 40% in the past two months. The Binance chief didn’t give any solid predictions, but considering the set of comments CZ conveyed to Bloomberg, it is likely he’s still optimistic for this nascent sector.<\/p>\n

\n

Finally, wish came true, volatility in the right direction.<\/p>\n

— CZ \ud83d\udd36 BNB (@cz_binance) January 7, 2019<\/a><\/p><\/blockquote>\n