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.