Bitcoin climbed from $4,028 to over $4,100 on Saturday in under 40 minutes, according to data compiled by Coin360. The BTC spike continued, with the world’s largest cryptocurrency trading around $4,130 at time of publishing.
Just about every coin is joining the rally, with the notable exception of Binance Coin, which is down 0.44% at $10.73.
- Ethereum is up 6.05% at $156.78
- XRP is up 1.89% at $0.3302
- EOS is up 6.02% at $4.12
- Litecoin is up 4.65% at $51.23
- Bitcoin Cash is up 3.87% at 147.49
- Stellar is up 3.92% at $0.0941
- Tron is up 0.65% at $0.0252
Crypto traders have been watching for a sharp and sustained rise above $4k. Technical analyst Big Chronis told his 32,000 followers on Twitter a failure to break the psychological barrier could lead to a strong rejection.
$BTC – Since Bitcoin $20k every oversold bounce (1) has been followed up by a lower high bounce (2) that gets rejected right around the .55fib extension of the previous bullish impulsive move. Breaking this trend has #bitcoin closing over $4k otherwise another strong rejection… pic.twitter.com/9agBo9rxxN
— Big Chonis Trading 🚀 (@BigChonis) February 22, 2019