The big question of this weekend is whether or not the Bitcoin price will surpass $4,000 and potentially stay there for some time to come. Answering that first part of the question will be done throughout the weekend, as the value is swiftly approaching this barrier. However, if the previous months are any indication, the uptrend may not remain in place very long.
Bitcoin Price Needs to Turn Bullish
It has been coming for some time now, but it seems Bitcoin might effectively surpass the $4,000 level once again. Assuming that effectively happens – which is not a guarantee by any means – the other markets will undoubtedly follow suit in pretty quick succession. For the time being, the momentum seems somewhat promising for the world’s leading cryptocurrency, but nothing is ever set in stone.
Over the past 24 hours, the net balance for Bitcoin looks pretty interesting. With a 1.1% gain in quick succession, one BTC is now valued at $3.963. It would not take too much effort to bridge the gap to $4,000 at this rate, although…