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Bitcoin just recorded its first three-month winning streak since late 2017.
The leading cryptocurrency started the month of April at $4,127 and ended at $5,393, according to CoinMarketCap. BTC managed to hold above $5K after massive pump around midnight on April 2nd, which has been largely attributed to a single trader who made a calculated purchase designed to dramatically boost the price.
Crypto traders are closely watching the $5,200 mark, with Venture Coinist’s Luke Martin feeling bullish as Bitcoin holds onto its gains despite the recent Bitfinex and Tether controversy.
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Crypto trader DonAlt told his 92,000 followers it looks like previous resistance has turned to support.
Right now, the crypto market is mixed, with Bitcoin up 0.94% at $5,312. Ethereum is up 0.75% at $159.97, and XRP is down 1.61% at $0.3043.
Technical analysts at large are watching Bitcoin’s support above $5,000, offering bullish outlooks on Ethereum and Litecoin.
Bitcoin
FXStreet – Technical levels remain intact despite BTC’s failure to pass $5,350
Live Bitcoin News – BTC resumes uptrend, could revisit $5,650
Ethereum
NewsBTC – ETH price starts much awaited rebound To $170
FXStreet – Critical support is created by psychological $160
XRP
Ethereum World News – XRP could struggle to recover versus Bitcoin
NewsBTC – XRP price poised for further appreciation
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Litecoin
Blockonomi – Litecoin bulls staging strong rebound To $85
FXStreet – LTC/USD moves above $75.00, improves the technical picture
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