The month of March showed many signs, both fundamental and technical, of an imminent and strong breakout upward in bitcoin $BTC and the rest of the market. The break-out arrived on April 2 and pushed Bitcoin above several major areas of resistance. Most market observers were stunned (and short or out of positions).
Litecoin experienced a 100% return since end February. As I write, the market has pulled back and is consolidating for its next move. I expect another high-volume strong break upward within hours or days.
Bitcoin ($BTC) at today’s closing price of US$5,204.96 has returned 35% during the month of March to date. Total cryptocurrency market capitalization on 3/31 was approximately $144 billion, $BTC dominance dropped slightly to 50.1%.
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