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BTC needs to convert this ‘semi-bullish’ area into bullish zone for a decent rally
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On a nice rebound day for cryptocurrencies, trading volume picked up significantly after a particularly dormant weekend. As per CoinMarketCap, the global crypto market surged by almost 5% in 24 hours. Bitcoin (BTC), the largest crypto-led charge, followed by altcoins.
At the time of writing, BTC soared 4.7% in just 24 hours as it traded above the $40k mark. Different enthusiasts rejoiced in this surge as bullish metrics piled up to support the king coin.
Bitcoin just recovered from a loss or rather a long consolidated phase. BTC investors for the past 30 days are away from the trouble zone (historically, around a 15% loss). Santiment, an on-chain analysis platform, in an April 19 tweet added,
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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