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Bitcoin Price Soars – Is The Crypto Winter Finally Over?

Bitcoin price is currently enjoying most bullish rally of 2019, seeing that its price has now risen above $5,000 for the first time since 2018. Is the crypto winter over? What next can you expect?

On Tuesday, April 2, the crypto market experienced dramatic movements in the prices of digital coins that exceeded the expectations of many traders and cryptocurrency investors. In the wee hours of Tuesday morning, Bitcoin (BTC) price broke the all-important $4,200 resistance level and then surged close to $5,000 mark in the span of just one hour and for the first time since 2018.

In retrospect, Bitcoin price made such a significant bullish rally of $1,000 in a day in April 2018, exactly one year ago, when the price climbed from $7,000 to $8,000. But the question on the lips of everyone is why Bitcoin price jumped higher? Will the upward trend continue? Read on!

Reasons For Bitcoin Price Rally

Anyone keeping an eye on Bitcoin futures will be acutely aware that it had a strong start on Tuesday as the April contracts of the Cboe and CME increased by over 16% to $4,805.

#Bitcoin futures soaring 16 percent to their highest levels since November pic.twitter.com/WLW4yDumYv

— CNBC Futures Now (@CNBCFuturesNow) April 2, 2019

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