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BITCOIN PRICE SURGE!!!!!!

After defying the expectations of many peoples the prices of Bitcoin did not reach 5000onTuesdaybutitisstillinthepositionforabreakout,andtheexpectationoftheinvestorsisstillthatitwillreach5000 on Tuesday but it is still in the position for a breakout, and the expectation of the investors is still that it will reach5000 soon.

But the question is when?

Wednesday was a so-called good day for the altcoin market as it brought a minor recovery to the altcoin markets, enabling them to reclaim about $1.5 billion of the combined market cap they had shed earlier this week.

The total market cap at the end of the day was about 152.6billion.Itrosepast152.6 billion. It rose past155 billion on Tuesday evening but began to pull back leading into Wednesday morning.

crypto-market-cap-oct11.jpg

On Tuesday Blockchain Capital’s Spencer Bogart tweeted that “it feels like 5kkindaday.butitdidnotmakeit.Initially,itappearedthattheBitcoinpricehadamomentumtoburstthe5k kinda day”. but it did not make it. Initially, it appeared that the Bitcoin price had a momentum to burst the5k barrier but after the beginning of the day it leaped above 4900onWednesdayeveningeventuallyrisingashighas4900 on Wednesday evening eventually rising as high as4922. But it did not make it to the $5k road.

bitcoin-price-chart-oct11.jpg

What do you think guys will it reach $5k or will it just stay there for a while and rest….

Well, it seems to be a good time for the cryptocurrency market and the investors. also the prices for bitcoin are $4842.00 so it looks like they are going to take a leap again.

Thank you guys for your time and please do upvote this post and follow me at @dhanesh.

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