Bitcoin price performance has been rather impressive over the past 24 hours. The currency faced a minor resistance at the $5200 mark and has managed to surge past it. This is another good indicator for the bullish investors who were optimistic about a strong performance from the cryptocurrency. The BTC/USD pair, as of this writing, is trading at $5,284.
If the trend continues to grow as expected, the price of BTC is likely to cross $6,000 before April 2019 comes to an end. Let us take a closer look.
Bitcoin Price Prediction: $6,000 Incoming?
Market experts are optimistic about the fact that $6,000 is the next target and it shall be achieved before the month comes to a close. However, there will be multiple weak lines of resistance on the way to the 6k-mark. Strong resistance is likely to form at $6,000 – post which a market correction may take place.
Interestingly, a lot of it depends upon how the retail investors are feeling. The higher the retail investments at the moment, the higher the Bitcoin price will rise. Institutional investors are likely to enter after the currency safely crosses $7,500.
Bitcoin Market Cap to Cross $100 Billion in April 2019?
While Bitcoin price continues to surge, all eyes are now on the Bitcoin market cap. The market cap of the apex cryptocurrency has been below the $100 Billion mark for quite some time now. However, it currently stands in at $93.27 Billion – and will soon cross the $100 Billion figure. Expect another short bull-run there.