Bitcoin Price Crosses $5,800 in 2019

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Bitcoin Price Crosses $5,800 For The First Time in 2019

After a slow movement towards the end of April, the crypto market has resumed its upward trend in this first week of May 2019.

Why the Bitcoin Price Surge?

A market capitalization that has risen above $180 billion has been spearheaded by Bitcoin which is currently trading at a new high bitcoin price for the year. As at the time of writing, the bitcoin price is $5,808, representing a surge of over 6% within the last 24 hours.

On its way to the current price, Bitcoin overcame strong resistance around the $5,600 region. There is a 50 week MA that sits just above the said price. Traders see this as a significant move that can push the bitcoin price to even higher levels. Although there is still the possibility of a retracement that may want to test the said region again.

Ethereum Price Rise Follows Bitcoin

In a trend that has become normal especially of late, Ethereum follows Bitcoin’s movement and has climbed above the $165 significant level. This is also a good sign for the bulls who have watched the second largest cryptocurrency display a rather bearish display over the last couple of weeks.

Overall, the bullish sentiment in the cryptocurrency market has continued. Most analysts expect this to extend even further into this year and beyond. Gateways like CryptoFish are making it easy for participants to access a variety of cryptocurrencies through its easy to use platform.

Buy Cryptocurrencies on CryptoFish

CryptoFish provides the latest news, educational insights and a secure place to buy various cryptocurrencies.

At CryptoFish, we offer a very simple way for you to instantly purchase leading cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple using your debit or credit card online.

CryptoFish does not store your credit card details, encrypts your personal information and is GDPR compliant, making it one of the safest and most secure options.  You can trust CryptoFish to easily, securely, and instantly buy cryptocurrency.

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