The past week marked an essential moment in the crypto space for 2019.
The bulls were back and boosted Bitcoin over $5,000 after a long wait since last year.
2018 was embraced by a bearish trend, and hopes have been high for 2019 which finally managed to escape from the crypto winter.
More crypto analysts have been saying that we are eventually out of the long crypto winter and we can expect a more positive overall sentiment.
Now, BTC is trading in the green on CoinMarketCap, and the most important digital asset is priced at $5,287.18.
BTC to hit $8,4000 in the upcoming weeks
EthereumWorldNews mentions a prominent trader Crypto Thies who says that a vital high could be on its way for the most important crypto soon.
This took to Twitter and addressed the reasons for this high call. He explained that just as it currently stands, Bitcoin could find support at $4,300 where it initially broke out and $4,700.
“On the other hand, BTC will have trouble breaking past $5,500, $5,700 (the de-facto floor late last year), $6,600, and $8,400 (a top in a mid-2018 bear market rally), as these levels will act as resistances,” the online magazine reports.
This wrote that he expects BTC to go back to $4,700, but on the other hand, the crypto will be definitely heading much higher in the upcoming weeks.