Bitcoin is expected to close above $8150 tonight. This is a simple and clear indication that the bulls have crossed the resistance line which was eclipsing $7700 - $7800 price range.
The US Tax Day is upon us and this might be the reason behind the surge as well. The BTC investors are starting to spend the fiat once again as the taxman leaves.
Meanwhile in Saudi Arabia, Muslim leaders have declared BTC legal and valid as per the "SHARIA LAW" which means that people from middle east who were hesitant to invest in cryptocurrencies are now free to do so.
Historically, the second half of April has always been a good time for BTC as it has surged in value by atleast 14 percent every year in April, going into May.
Please follow me and leave your comments below. I am in a train so its hard for me to write everything otherwise I would have elaborated more. I will post a lot of crypto news, updates, charts, TA and much more here onwards.
Much love and stay awesome, stay healthy but remember...keep HODLING !!