The Price Of Bitcoin Moves Towards $9,000 With Strong Momentum, Could Be Beginning Of Bull Market
The price of Bitcoin (BTC) has risen past $8,800 after gaining more than 6% over the past day. The volume across major cryptocurrency exchanges remains strong and the daily trading volume of the market has increased past $26 billion for the first time in over a month. On March 21, the bitcoin price tested the $9,200 support level but failed to sustain momentum and fell below the $6,500 mark within two weeks after struggling to bounce off $8,200. At this time, it's likely that the price of bitcoin tests the $9,200 level it had touched in late March, and a movement past that level would lead the price of bitcoin to the $10,000 mark by the end of April.