Bitcoin (BTC) price rises in an hour

Bitcoin (BTC) has been on the rise suddenly in the past few hours. Bitcoin has increased almost $ 400, exceeding the $ 6,500 threshold. According to CoinMarketCap data, the leading cryptocurrency is currently trading at $ 6 thousand 772.

Bitcoin started rising the day before and gained 20 percent in the past 24 hours. This situation, which made investors laugh, was skeptical by analysts and was stated to be a bull trap. Although it is not yet clear whether the rise is a trap, the leading cryptocurrency has increased by 300 dollars in the last hour, exceeding 6 thousand 600 dollars.

What They Said About Bitcoin

Famous analyst Crypto Michael said that the BTC should still test lower support levels, referring to the rise.

$ BTC the #BITCO

The plan remained unchanged. Nice breakthrough here (and $ ETH did hit $ 153).

But we’re acting in resistances and I see people turning overly bullish again.

I think we’ll still need to test lower levels for support and scaling out here.
Bias unchanged w / break $ 6,800 the pic.twitter.com/9thz0nfex

– Crypto Michaël (@CryptoMichNL) March 20, 2020

Another famous analyst, Selcoin, said, “It was a beautiful area in 5200 Bitcoin. We came to the 6700s, I hope. The face made us laugh a little ”. Selcoin previously stated that BTC could reach an area of ​​8 thousand-9 thousand dollars. The analyst said:

“Bitcoin can rise to 8-9 thousand. Then we can enter May in 6 thousand. I don’t take a new position before halving. The existing ones are enough. ”

Satoshi Flipper stated that the resistance was broken and BTC returned to the bull market.

Break this resistance, we break out of the channel and we are back in a $ BTC bull market https://t.co/yFse30x38h

– Satoshi Flipper (@SatoshiFlipper) March 20, 2020