Bitcoin beats Apple Stocks. – Hackerpost

Over the past week, Bitcoin has ranged from a low of $5208.00 to see a seven day high of $5690.67 . At present Bitcoin is boasting a close to high point of $5687.99 . This merely indicates a 4.75% increase in day on day trading that is also called as intra day trading. If the trend is continued and Bitcoin continues it’s trajectory upwards by the time weekend arrives Bitcoin could gain high rises to kick start next week’s trading. eToro’s senior market analyst Mati Greenspan pointed out in a tweet that Bitcoin’s price is proving itself a better performer than Apple stocks so far this year. Apple stocks have definitely consistently risen but have not matched Bitcoin’s sharp incline in price.

The image below indicates the movement in stocks, green color being Apple and white being Bitcoins.

So far it’s been a moderate year for Apple stocks. The company’s shares price has increased by around 27%. The core strength of Apple includes it’s services as the revenue reached $11.5 billion that represented Apple’s “best quarter ever.” However Apple’s iPhone which is particularly the company’s flagship and most popular product has noticed a decreased in revenue with 17% compared to a year ago. Comparatively the performance of Bitcoin’s price throughout 2019 so far has been notably more impressive than of Apple stocks.
Following the surge, the Cryptocurrency has managed to retain those gains which according to Cryptocurrency hedge funds manager BitBullCapital is a very positive sign that could lead to further increases throughout the year. The chief analyst at Fundstrat Glob Advisors, Tom Lee, also agrees and outlines that a number of technical and fundamental factors are improving which can be a potential signal that could indicate that the bear market is over.
Apparently Apple is not the only corporation that has been outperformed by Bitcoin’s price in 2019. “Bitcoinist” also reported earlier that NASDAQ 100(NDX), the S&P 500, Oil, Gold and other commodities have been shadowed by Bitcoin’s price.
Over the past 24 hours, Bitcoin (BTC) steadily increased from $5290 to $5400 and subtly making its way to $5690.97 . It is apparent that there is resistance for Bitcoin at $5400 and the support level has risen to $5300. The crypto market is perhaps poised to rally if Bitcoin (BTC) can break through the resistance at $5400. Although Bitcoin is doing great today, and is expected to pull altcoins into the green, other major cryptocurrencies are mixed.

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