A retest is expected, but most analysts expect Bitcoin price to extend much higher By Cointelegraph

© Reuters.

The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with (BTC) now trading near $48,000 while Ether (ETH) attempting to hold above $3,400.

Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has been oscillating around $48,000 since it broke out above $45,000 early on March 28 and bulls are now debating whether a bull run to $80,000 is on the cards.

BTC/USDT 1-day chart. Source: TradingView
1-day chart. Source: Twitter (NYSE:)
BTC/USDT 6-hour chart. Source: Twitter
BTC/USD 1-month chart. Source: Twitter