Bitcoin Nears All-Time High As $5,000 Target ‘Back in Play’

in #crypto8 years ago

Bitcoin has appreciated to almost $4,400 as recent declines reverse and commentators become more bullish on $5,000.

Bitcoin (BTC) has once again exited above $4,000 in a move Tone Vays says puts $5,000 levels “back in play.”

Having dipped as low as $3,674, Bitcoin has rebounded in recent days to circle all-time highs from earlier this month.

Cross-exchange data from Coinmarketcap shows BTC trading around $4,360, having peaked at $4,390 earlier Friday.

Compiling the latest of his price chart analyses, Vays concluded current data “screams buy,” adding that $5,000 for BTC was once again a potential scenario.

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