The Bitcoin price soared on Saturday, breaking psychological resistance at $ 4,000. He stretched for just over $ 4,100.
The flagship's cryptocurrency moved to $ 3,900 for most of the week on February 18. Trading volumes began to decline and some analysts asked if the market would consolidate before rebounding.
Overall, the cryptocurrency trading market rose to $ 27 billion on Saturday, allowing the bitcoin price at Bitstamp to rise to $ 4,1
If Bitcoin can hold over $ 4,000, the next important step would be towards $ 5,000, where the coin would be subject to both psychological and technical resistance. According to eToro's Mati Greenspan, a strong jump over $ 5,000 could signal that the 14-month market for cryptobars is over.
Click here for a real-time Bitcoin price list.
Selected image from Shutterstock. Price charts from TradingView.