A number of prominent analysts had predicted a BTC pump to $5k<\/a> a few weeks ago and said it could happen by May. Well it happened in early April but could not be sustained as an instant correction took prices back to the $4,750 level where Bitcoin currently trades according to the Tradingview.com Bitfinex chart. The move has added over 12% to BTC on the day which makes its year-to-date gain around 28%. Not bad for an asset that many in the mainstream media had written off.<\/p>\n The upshot of this massive movement is daily volume which needs a closer look. According to Coinmarketcap.com (which may or may not report volume that accurately) the total is just under $50 billion at the moment.<\/p>\n Using the same source as a comparison, volume has not been at this level since the crypto peak of January 2018! Binance<\/a> is top of the exchange charts again with an adjusted volume of $1.6 billion and Bitcoin is the leading asset with around 30% of the total. For the past 12 months daily volume has seldom exceeded $30 billion and only broke above $50 billion during the end of 2017, early 2018 fomo frenzy. These levels could be a potential sign that the bulls have returned.<\/p>\n Bitcoin holding on to these new support levels and making more ground will indicate a true reversal pattern and a melting of the winter snow. However, a few hours after the pump is still too early to tell.<\/p>\n Naturally the crypto twitter-sphere reacted with a number of stalwarts coming out of the digital woodwork to revel in the revival. There were plenty of questions asked but nobody seems to have a real reason for the spike.<\/p>\n Over 1m people on Crypro twitter and not a single one can explain the spike! \ud83e\udd23<\/p>\n — Ran Neuner (@cryptomanran) April 2, 2019<\/a><\/p><\/blockquote>\n![\"\"](\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/volumechart0204.jpg?resize=1141%2C397\")
<\/a>Crypto Twitter Reacts<\/h2>\n
\n