19th February: BTC/USD Leaps Beyond 55,000, ETH/USD Nears 2,000

 

Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.

BTC/USD

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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