Today’s Gazette Sunday April 28 – After a slight break, the market seems to be resuming for a bullish rally as Bitcoin makes the initiation (as usual) and Basic Attention Token (BAT) remains firm in its aim for another all-time high price with an incessant bullish cross above every new resistance formed.
At the time of writing, most cryptocurrencies in the top 20 are displaying slight or moderate added value, giving investors more hope for a bullish ride out of bear.
The total market cap of the entire ecosystem consisting over 2,000 projects has risen a bit beyond $172 billion, as Bitcoin (BTC) rallies above $5,300 mark.
The market leading cryptocurrency is still trying to maintain a ride on the upside rally. It is quoted at the price $5306.46 with under 1% added value in the last 24 hours. The circa $94 billion market cap makes Bitcoin maintain a larger share in the market.
In line with analysts’ claim that once Bitcoin stays above the $5,200 resistance level, we can be sure that the bullish trend is only taking a nap to charge for an imminent upward rally, we can make a strong forecast that Bitcoin will soon rally upward.
Also according to history, Bitcoin’s market trend has never faced the south for two consecutive years. Last year was filled with massive blow for the crypto coin, as such; Bitcoin will undoubtedly witness bull this year if history repeats itself.
Many analysts have also affirmed that the recent golden cross is not a bullish trend but a gesture for the upcoming long awaited harvest season.
The fact that institutional investors are showing more interest in the digital currency is another reason to prove that Bitcoin will surely regain its momentum on the upside trend.
Basic Attention Token (BAT) Outperforms In Short Term, Signals Another All-Time High
The last one month has been tremendous for Basic Attention Token (BAT). After maintaining a band price between $0.240 and $0.360, the altcoin reached out for an uninterrupted bullish rally, making it register new resistance above previous ones.
In our previous post, we identified that Basic Attention Token registered an all-time high value since July 2018 to be priced $0.3618 against the US dollar.
However, the altcoin has again surpassed the above resistance. With an added value of 9.67% in the last 24 hours, Basic Attention Token stands as the highest gainer among top 50 coins in the market table. As at press time, Basic Attention Token is quoted with a market price of $0.408 per unit.
For most analysts, it is clear to them that at the moment, Basic attention Token’s price is not reliant on Bitcoin’s market trend. Furthermore, the trend line of the altcoin in the 30 days chart is filled with series of bullish cross over that signals indefatigable zeal for the pinnacle.
Thus, Basic Attention Token, especially with the release of the Brave Browser, is sure of attaining another all-time high price around $0.7.