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Bitcoin rollercoaster ride sends it above $5,000 and kicks it to $4,750 – What is next for BTC/USD?

Published 04/02/2019, 08:38 AM
Updated 04/02/2019, 08:39 AM
© Reuters.
BTC/USD
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BTC/USD
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  • Bitcoin has the potential to correct higher and reclaim the spot above $5,000.
  • Bitcoin must defend the support at $4,750 to avoid declines that could test $4,000.

The sudden rise in Bitcoin price has seen a surge above $5,000 and precisely to highs around $5,089. The massive correction is said to be the beginning of recovery with BTC/USD expected to correct to $5,200 in the coming few days. Following the ballistic rise, the price retracted below $5,000 and found balance above $4,750.

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