Bitcoin has broken through the $4500 barrier. Does this mark the return of the bull market?

The last few months have been in the context of the Bitcoin exchange rate... boring. However, the current situation on the chart may electrify crypto-investors. Bitcoin has firmly broken through the level [...] https://www.pinterest.com/pin/1085437947660215829/

The last few months have been in the context of the Bitcoin exchange rate... boring. However, the current situation on the chart may electrify crypto-investors. Bitcoin has firmly broken through the $4,500 level. The price of BTC skyrocketed, gaining more than 14 percent in a few hours. As we write these words, the price is around $4,678, the coin itself has reached its local peak at $4,849. Now it has fallen slightly, but this does not preclude further climbing. Compared to yesterday, the price of BTC has increased significantly. After all, a day ago, the cryptocurrency cost $4,100, while the market capitalization has gained almost $10 billion, bringing us to $82 billion. The herd follows the leader Ethereum (ETH), the second ranked cryptocurrency by market capitalization, is doing not much worse. It has gained about 6% in 24 hours. It now costs $152 compared to $140 yesterday. In turn, its capitalization is more than $16 billion. Ripple (XRP), currently the world's third-largest cryptocurrency by market capitalization, is also up 6 percent and trades at around $0.33. The project's capitalization gained about $900 million in one day, reaching $13.8 billion in value across all tokens. The valuations of most other altcoins also increased, with Litecoin (LTC), Cardano (ADA), Tron (TRX) and Monero (XMR) seeing the biggest price jumps today. Why the price jump? The question from the headline is probably being asked by everyone today. Interestingly, investor and analyst Josh Rager recently laid out such a scenario. In a tweet dated March 31, he stated that the next ATH of BTC should be $150,000 by 2023. He also admitted that the key place in the short term will be $4,200. The cryptocurrency has broken through this level and, as you can see, is making a strong rebound. Many are counting on the e-currency to start growing in general from May. They explain this by the fact that then there will be an equal year until the next distribution of the reward for mining the block. As a rule, in such periods the price of BTC began a bull market. Will it be the same this time? We will find out soon. However, the increases are real. Bitcoin has gone through a bull market, a bull market, a sideways trend. Now would be the time for a new cycle... However, will it be so? Tags altcoins bitcoin price bull market rises