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BTC$62671
ETH$3088
BNB$589
XRP$0.51
An outstanding day of intraday gains sees BTC/USD surge by more than 12% and pass eighty-six hundred USD levels in a few hours.
BTC conveniently crosses the formerly improbable resistance on 29th April as a 1-day bull run pushed markets towards the nine thousand USD levels.
According to data from CoinMarketCap, the price of Bitcoin surged by over one thousand USD in a single day, topping out at around 8861 USD. As of press time, the pair is trading at $8783, displaying no signs of a crucial reversal.
A few days ago, crypto analysts were doubtful that Bitcoin’s strong weekly performance may perhaps continue to overwhelm significant resistance around eighty-five hundred USD.
It is to be noted that the BTC/USD pair is now totally recovered from its mid-March plunge, which saw markets decline to then fifteen-month lows below four thousand USD.
From a short term perspective, a CME BTC futures gap at nine thousand one hundred and twenty five USD could prove to be the ensuing short-term target for Bitcoin bulls, as analyst Squeeze noted among others.
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