The cryptocurrency market collapsed in 2018, despite the testing trends, the cryptocurrency started off with new momentum.  Investors are celebrating the new pace of movement taken by Bitcoin.  The rival coins to Bitcoin are preparing for a new battle to dominate the trend lines.  Bitcoin has hit a 6-month high on Monday with the prices trading at $5,650 per token.

The cryptocurrency market, on the whole, is facing strong fundamental and technical situations.  In the coming weeks, if Bitcoin would surpass the $5,700, then analysts have to state that Bitcoin is entering into the next bullish run.  Analysts and experts alike have been contemplating on whether Bitcoin will touch the $6,000 mark. 

The transit of the Bitcoin from the $4,150 to $5,450 range is a 25% rally, thus permitting the asset to break out of the key resistance level.  The token will be further put to a bearish test; if BTC does not break past the red band, it will be harder to call for a bull run further.  Though currently the token is said to be in a bull run, the sustainability will be, and the well-rounded opinion on the price action is worth only until the next test on the token.

It has been recently expressed by an analyst publication that the biggest strength of Bitcoin is its investors and their biggest threat are as well the investors.  Cryptocurrency is considered as a threat to the controlled fiat.  Depending upon how the investors look to it Bitcoin will either go mainstream, or the investors will not bother to think about what best can be done by putting the coin to mainstream use.  They can react like they are unaware.

The Cash Network on Bitcoin processes a lot of On Chain value when compared to several other blockchain networks.  The network has been settling nearly $940 million over the past 24 hours in on chain value.   The Bitcoin cash hashrate was as well recovering.  This is a recovery from the one exahash per second during December 2018.

Lack of information is one reason for why several prospective investors are not yet into the cryptocurrency market.

Ric Edelman, recently stated, “This remarkable turnaround in attitude by these top financial advisors demonstrates the urgency of teaching advisors about this important emerging asset class. Advisors who can’t answer their clients’ questions about Bitcoin will lose credibility with their clients, and they may end up losing the clients.”