The digital currency rose to $5,791.21 at roughly 6:00 a.m. EDT, according to CoinDesk price data. While this rally certainly looks positive for bitcoin, the digital currency failed to test $6,000, which has repeatedly been singled out as a key area of resistance. Bitcoin Rally's SignificanceEven though bitcoin fell short of that key price level, several analysts claimed the cryptocurrency's latest rally was certainly worthy of mention. "The move today to new 2019 highs for Bitcoin could have important implications for the crypto market," he noted. Disclosure: I own some bitcoin, bitcoin cash and ether.

Source: Forbes May 03, 2019 16:15 UTC