Bitcoin Back Above $5,000: Why Traders Lean Toward Optimism This Weekend

In the past 24 hours, the bitcoin price has remained relatively stable at $ 5,000, at one point briefly surpassing $ 5,100 following a rebound from $ 4,900. On April 12, bitcoin experienced an 8 percent fall from over $ 5,400 to around $ 4,950 in most major crypto markets, demonstrating a relatively large retracement. However, the 8 percent correction in the price of bitcoin comes after a strong 28.5 percent rally from $ 4,200 to $ 5,400, which many analysts including Alex Krüger ‏have said pulled bitcoin out of its 16-month bear market. “This is not a call. Not a matter of aging well or not.

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