Bitcoin’s February rally just reached another milestone on Tuesday when the flagship cryptocurrency touched the $4,000 mark for the first time in more than a month.
The crypto market had entered the US trading session on an inclination, building upon the gains it combined following its last jump on Feb. 8.
Shortly following 14:40 UTC, one or more significant buy orders caused the bitcoin price to surge, enabling it to touch the $4,000 level before descending back to an existing value of $3,955 on Bitstamp.
While today’s progress could add to the case that the cryptocurrency bear market has come to an end, critics including eToro’s Mati Greenspan have told that key mental and technical resistance at $5,000 pictures a more realistic test of this recovery’s endurance.
Will the crypto market storm that castle next?
