Crypto-Market Update: Bitcoin [BTC] Holds $5k Support, BCH, LTC, And BNB Lead the Altcoins in Green
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Bitcoin [BTC] climbs back above the $5000 level to retest the $5100 resistance level. The price of Bitcoin [BTC] at 4: 00 Hours UTC on 13 April 2019 is $5119. Bitcoin is looking to find support near the $5000 level. It is trading 1.85% higher on a daily scale.

After a Swift fall-back from $5500 level Bitcoin registered a low of $4952 with a 9.96% decrease on a daily scale. However, it climbed back above $5000 starting to form support near the $5000 level.

John Pearlstone, a trade analyst, commented on the recent break-out and fall-back of Bitcoin from $5500, back to the support level of $5000.

“This is very typical price action during a bullish cycle,” he emphasized, adding that “price action continues to favor the bullish path even though we’ve pulled back,” with the next “likely target” being $6,000.

BTC chartBTC/USD 1D chart on Bitfinex (TradingView) Bitcoin Cash [BCH]

Bitcoin Cash [Cash] gained over 12% in 4 hours as BTC bounced back above the $5000 level. The rise can be attributed to the #Delist Bitcoin SV [BSV] movement that might have restored investor and miner’s confidence in BSV’s biggest rival: Bitcoin Cash [BCH].

The price of Bitcoin Cash [BCH] at 4: 00 Hours UTC on 13 April 2019 is $285. The price is trading 7.8% higher on a daily scale.

Litecoin [LTC]

Litecoin [LTC] and Bitcoin [BTC] chart have shown similar movements in the last few days. As Bitcoin’s dominance is still 51.9%, the movement on Bitcoin [BTC] has a considerable effect on the markets. However, the gains and losses on Litecoin [LTC] have been steeper than BTC.

LTCUSDLTC/USD 1-D Chart on Bitfinex (Tradingview)

The price of Litecoin [LTC] at 4: 00 Hours UTC on 13 April 2019 is $80.6. The price is trading 3.58% higher on a daily scale.

Some of the other cryptocurrencies with notable gains were Binance [BNB] coin, NEM, Ontology (ONT), Tezos (XTZ), VeChain, Basic Attention Token [BAT], Lisk, Nano. Moreover, while most of these gains were scattered around 5%, BAT, Nana, and Lisk neared double-digit gains.

Also read: Binance Coin [BNB] Becomes Hottest Crypto With Over 6% Spike

Tron[TRX] and Cardano’s ADA token gained 2.67% and 3.04% respectively on a daily scale.

Ethereum [ETH], XRP and Stellar [XLM] Among Lower Percentage of Gainers

The altcoins which are currently coupled with Bitcoin [BTC] price also gained by small amounts on 12th April 2019. Ethereum [ETH], XRP and Stellar [XLM] registered an equivalent rise of less than 2% in a daily period.

The price of Ethereum [ETH] at 4: 00 Hours UTC on 13 April 2019 is $165. The price is trading 1.40% higher on a daily scale. Whereas, XRP and Stellar traded with a high of 1.06% and 1.30% respectively.

Do you think Bitcoin will hold the $5000 support level as volatility in Bitcoin price continue to decrease? Please share your views with us. 

Crypto-Market Update: Bitcoin [BTC] Holds $5k Support, BCH, LTC, And BNB Lead the Altcoins in Green
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Crypto-Market Update: Bitcoin [BTC] Holds $5k Support, BCH, LTC, And BNB Lead the Altcoins in Green
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Bitcoin [BTC] climbs back above the $5000 level to retest the $5100 resistance level. The price of Bitcoin [BTC] at 4: 00 Hours UTC on 13 April 2019 is $5119. Bitcoin is looking to find support near the $5000 level. It is trading 1.85% higher on a daily scale. 
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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