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Friday saw BTC finally push over $5,600 after a solid week of gains. Bitcoin managed to climb nearly 4% as it broke $5,600, with altcoins also turning bullish.
The market appears to have ended its retrace and continues to push upwards with BTC leading the way. The nearly 4% increase in BTC price, coupled with gains in altcoins, saw the market cap climb to over $180 billion on Friday.
The market has remained relatively flat the past two weeks following the major BTC jump from $4,000 to $5,000 and beyond. Bitcoin continues to pick up steam with many insisting that the bottom has come and gone for the digital asset.
BTC/USDT Chart provided by Tradingview
Sentiment appears to be turning to more bullish as the BTC price reflects the entire market sentiment.
Other notable gainers on Friday where Binance Coin (BNB) which was up 7% at $23.50, Tezos (XTZ) and Cosmos (ATOM) both saw over increases of over 8%
Could BTC be looking to break over $6,000 in the coming week? All eyes will be peeled to the price action.
We are in a bull market!
— Ran NeuNer (@cryptomanran) May 3, 2019
I repeat; we are in a bull market!
This is not a drill!