Crypto Market Recovers as Bitcoin Nears $3,800 In Less Than 3 Days

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Following the long-awaited crypto market pump things have continued rising for the past three days, the Bitcoin price has surged from $3,181 to $3,776 against the U.S. dollar, by more than 18 percent.

This has added $7 billion into the digital currency taken total market capitalization back over $120 billion again and resulted in a solid 20% gain from the weekend lows.

Bitcoin gain marks an increase of 17% since its 2018 low on Saturday. BTC is at the highest level it has been for almost two weeks.

On Monday, when the Bitcoin price was hovering at around $3,500, a cryptocurrency trader with the online alias “The Crypto Dog” said that BTC could either drop below the $3,400 mark if it loses momentum or potentially rises to $3,800.

The analyst said:

BTC consolidation below resistance. If we lose strength I look at $3,400 for support. Below there...

Read More: https://bitzamp.com/crypto-market-recovers-as-bitcoin-nears-3800-in-less-than-3-days/