{"id":376918,"date":"2019-04-02T17:00:48","date_gmt":"2019-04-02T17:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=376918"},"modified":"2024-06-11T21:14:40","modified_gmt":"2024-06-11T21:14:40","slug":"bitcoin-btc-prices-explode-after-fools-day-with-zero-fundamentals","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-prices-explode-after-fools-day-with-zero-fundamentals\/","title":{"rendered":"Bitcoin (BTC) Prices Explode after Fool\u2019s Day with \u201cZero\u201d Fundamentals"},"content":{"rendered":"
\n
Bitcoin prices uptick, up 22 percent<\/em><\/li>\n
Fundamentals and analyst signal buy<\/em><\/li>\n<\/ul>\n
Mark Dow says Bitcoin (BTC) is buyable, and true to his word, it is. The coin is up 22 percent in the last week thanks to today\u2019s upswing thrusting the asset above $4,500. With favorable candlestick arrangements, Bitcoin (BTC) will likely test $6,000 in short to medium term.<\/em><\/p>\n
Bitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
There is a transition and bulls are back. In 30 short minutes, Bitcoin (BTC) prices spiked to above $5,000 and, in the process, cleared $4,500, a significant resistance level. As it is, we expect this trend to continue, and there are supporting indicators. Not only are there humongous candlesticks in today\u2019s hourly chart but major events indicate bullish sentiment. More analysts are joining the crypto buy train.<\/p>\n
Case in point is Mark Dow, the former IMF economist who made money from the last Bitcoin rally of Q4 2017 and shorted the most valuable coin last year making upwards of $20 million. In his analysis, the economist recommends long, saying Bitcoin is “buyable” at current valuation.<\/p>\n