The world’s largest cryptocurrency by market capitalization broke the rangebound it has been trapped since October 28.
That said, and from a technical perspective, Bitcoin picked up steam around the $62,000 zone, which acted as a pivotal level in the midst of the current bull-run that took the crypto to reach new monthly highs.
When looking at the price action at the current timeframe, the stagnation kept untouched the 200 SMA and thus bolstered the demand in favor of the bulls.
Another cryptocurrency enjoying the optimistic mood across the sphere is Ether , which is refreshing its all-time highs, trading above $4,700.
With the bullish scenario in place, ETH is eyeing the $5,000 handle in a first degree as the next tough nut to crack for the buyers, which is also the latest milestone ahead of the discovery mode.