Bitcoin's three-day price consolidation looks to be a bull breather before a continuation of the recent rally to above $4,000.
A much-followed bitcoin price indicator has turned bullish for the first time in seven months, indicating a trend change in the market.
The total trading volume in the cryptocurrency market recorded yesterday reached a its highest amount since April 25, 2018.
Bitcoin could revisit December highs above $4,200 in the near-term as the recent rally is backed by a surge in trading volumes.
Cryptocurrencies can't match gold on stability and volume, and are not a direct competitor, says the World Gold Council.
The amount of money allocated to short bets against bitcoin fell to a more than 6-month low today.
Bitcoin has broken the 100-day moving average for the first time in 127 days, and briefly passed $3,950 overnight.
Bullish bets on bitcoin, the world's largest cryptocurrency by value, reached 11-month highs on Monday.
Bitcoin's high-volume move to one-month highs could be the start of a stronger rally to above key resistance near $3,760.
Ethereum-based cryptocurrency Maker is outperforming the broader markets with a 37 percent gain on a month-to-date basis.