Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.
Having opened the trading session of 19th February at 51,643 and gone twice below 51,000 between 02:00 and 04:00 UTC, BTC/USD continued steeply south until the end of the day with a slight intermission midway. The pair reached 53,000 between 09:00 and 10:00 UTC, which was another all-time high. It then took east and continued sideways under 53,000 until 14:00 UTC.
The second phase of the rally began at 14:00 UTC, as BTC/USD hit 53,320 based on the CEX.IO exchange rate and closed the hour at 52,999. The BTC/USD ascent continued during in four successive bullish candlesticks that had come to 55,500 by 19:00 UTC. A slight corrective retracement took place between 19:00 and 20:00 UTC; after that BTC/USD continued upwards until 21:00 UTC.
This new BTC/USD price surge well aligns with the bullish sentiment that market that has been showing after the…
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