After defying the expectations of many peoples the prices of Bitcoin did not reach $5000 on Tuesday but it is still in the position for a breakout, and the expectation of the investors is still that it will reach $5000 soon.
But the question is when?
Wednesday was a so-called good day for the altcoin market as it brought a minor recovery to the altcoin markets, enabling them to reclaim about $1.5 billion of the combined market cap they had shed earlier this week.
The total market cap at the end of the day was about $152.6 billion. It rose past $155 billion on Tuesday evening but began to pull back leading into Wednesday morning.
On Tuesday Blockchain Capital’s Spencer Bogart tweeted that “it feels like $5k kinda day”. but it did not make it. Initially, it appeared that the Bitcoin price had a momentum to burst the $5k barrier but after the beginning of the day it leaped above $4900 on Wednesday evening eventually rising as high as $4922. But it did not make it to the $5k road.
What do you think guys will it reach $5k or will it just stay there for a while and rest….
Well, it seems to be a good time for the cryptocurrency market and the investors. also the prices for bitcoin are $4842.00 so it looks like they are going to take a leap again.
Thank you guys for your time and please do upvote this post and follow me at @dhanesh.