Bitcoin (BTC) Explodes Past $4,100 With Record Exchange and Futures Volume, Is It a Dead Cat Bounce?

2019-2-23 21:49

Bitcoin’s bulls awoke earlier today when the crypto markets surged, sending BTC to well over $4,100. This price surge came about after an extended period of sideways trading that signaled to traders that $4,000 was previously a strong level of resistance for the cryptocurrency. Today’s jump may have been fueled in part by a record BTC futures volume earlier this week.

Many prominent analysts are now hinting that Bitcoin’s latest price surge may be more than a dead cat bounce and could signal shifting tides that may mark the end of the persisting bear market.

Bitcoin (BTC) Futures Volume Surges to New Records, But Could This be a Dead Cat Bounce?

At the time of writing, Bitcoin is trading up over 3% at its current price of $4,120, up from its daily lows of $3,980.

The CME Group noted in a recent tweet that BTC’s futures volume has surged to record highs in recent times, which is partially due to Bitcoin’s recent price ascent that led it to its current prices from monthly lows of $3,400.

“Surge in bitcoin price leads to record $BTC futures volume on February 19 with over 18K contracts traded.”

Surge in bitcoin price leads to record $BTC futures volume on February 19 with over 18K contracts traded. https://t.co/X3zW4D861Y pic.twitter.com/Qldb1jaVgw

— CMEGroup (@CMEGroup) February 21, 2019

Peter Brandt, an incredibly popular analyst, spoke about Bitcoin’s current price action in a tweet to his 256k followers, pointing out that there are similarities in BTC’s current price action and that seen in 2015, which was proceeded by a large bull run.

“If Dec 2017 to Feb 2019 is an analog to Dec 2013 to Jan 15, do you have a tactica plan to become fully invested in $BTC? I do.”

If Dec 2017 to Feb 2019 is an analog to Dec 2013 to Jan 15, do you have a tactica plan to become fully invested in $BTC? I do. pic.twitter.com/QkUpvkDHyp

— Peter Brandt (@PeterLBrandt) February 23, 2019

Analyst: Bitcoin Likely to Range Sideways Until $6,000

Although the multiple price surges seen this month have certainly been positive for cryptocurrency traders and investors, one popular cryptocurrency analyst noted that all price moves below $6,000 are likely noise, and any price surges below that price level will not mark the end of the persisting bear market.

“I see the notion thrown around quite regularly that if BTC can go to $4400+ that’d be the start of a bull market. A higher low in combination with a higher high does not mean the bear market is over. I’ll trade expecting sideways till 6k is breached. Sell resistance buy support,” explained DonAlt, a popular cryptocurrency analyst on Twitter.

I see the notion thrown around quite regularly that if BTC can go to $4400+ that'd be the start of a bull market.
A higher low in combination with a higher high does not mean the bear market is over.

I'll trade expecting sideways till 6k is breached.
Sell resistance buy support. pic.twitter.com/snnnjmu1wK

— DonAlt (@CryptoDonAlt) February 23, 2019

As the markets continue to unfold as the weekend continues on, traders will likely gain greater insight into whether or not the price gains seen throughout February are fleeting, or if bulls will continue to push BTC higher.

Featured image from Shutterstock.

The post Bitcoin (BTC) Explodes Past $4,100 With Record Exchange and Futures Volume, Is It a Dead Cat Bounce? appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61556.25 (+0.23%)
Объем 24H $13.892b
Изменеия 24h: 1.01 %, 7d: -4.01 %
Cегодня L: $61088.75 - H: $61558.38
Капитализация $1212.505b Rank 1
Цена в час новости $ 3889.13 (1482.78%)

record bitcoin 100 btc bounce today past

record bitcoin → Результатов: 126


Фото:

Объем сделок по bitcoin-фьючерсам на CME достиг нового максимума

Во вторник, 19 февраля, торговый оборот фьючерсов на bitcoin на Чикагской товарной бирже (CME) поднялся до рекордно высокого уровня. Об этом торговая площадка сообщила в своем Twitter. Surge in bitcoin price leads to record $BTC futures volume on February 19 with over 18K contracts traded.

2019-2-22 13:32


Фото:

New Samsung Galaxy S10 Includes Baked-In Storage for Private Keys

Samsung announced on February 21, 2019, that their newest phone, the Galaxy S10, will include secure storage for its users’ cryptocurrency private keys. The company made a press release detailing the phone’s many features, notably including Samsung’s proprietary defense platform, Samsung Knox, which will feature secure private key storage that is claims is specifically “for blockchain-enabled mobile services.

2019-2-22 00:57


Фото:

CME Group’s Bitcoin Futures See a Surge of Institutional Interest

The Chicago Mercantile Exchange (CME Group) has seen a big spike in bitcoin futures volumes according to an internal investors email sent to clients on Feb. 19. CME Group’s note explains that last Tuesday’s BTC-based futures volumes touched a new record with 18,338 contracts traded and the firm says increased volumes may be due to […] The post CME Group’s Bitcoin Futures See a Surge of Institutional Interest appeared first on Bitcoin News.

2019-2-22 22:18


Торговые объемы биткоина и эфира возвращаются к прежним максимумам

Согласно наблюдениям аналитиков DataLight, в последнее время значительно возросли объемы торгов и ликвидность ведущих криптовалют. #Bitcoin and #Ethereum set this year's liquidity record, but it seems there's much more to come.

2019-2-21 10:23


Объемы торгов биткоином и Ethereum достигли значений начала 2018 года

Согласно наблюдениям аналитиков DataLight, в последнее время значительно возросли объемы торгов и ликвидность ведущих криптовалют. #Bitcoin and #Ethereum set this year’s liquidity record, but it seems there’s much more to come.

2019-2-21 09:50


Фото:

Bitcoin Price Touches $4K On Biggest Daily Volume Since May

The Bitcoin price succeeded in holding above $3900 February 20 after a sudden bull run brought the largest trading volumes since May 2018. Bitcoin Volume Sets 9-Month Record Data from Coinmarketcap confirmed the return to form for both price and volume over the past 72 hours, Bitcoin rising around 10 percent February 18 and touching the $4000 mark on Bitstamp yesterday.

2019-2-20 18:00


Фото:

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume

Venezuela continues to reach new heights in terms of weekly Bitcoin trading volume. Meanwhile, the country’s government has issued new regulations that impose fees on Bitcoin remittance. 2,545 BTC: New Weekly Bitcoin Trading Record According to data from Coin Dance, Venezuelans traded 2,454 BTC via Localbitcoins (the P2P trading platform) for the week ending February 9, 2018.

2019-2-12 08:00


GalaxyBTC Crypto Analyst Thinks February 8, 2019 Could Be the Start of a Bitcoin Bull Market Rally

Earlier today, the price of Bitcoin witnessed a surge of over 10%– thereby allowing the premier alt-currency to break through its stubborn resistance region of $3,480-3,500. This sudden increase came after weeks of stagnancy, which saw the flagship asset dip to record lows over the course of the past year or so. However, the question […]

2019-2-9 18:41


Bitcoin’s Longest Bear Market Hits 6-Month Milestone. The USD? Strolled Past the 79-Year Mark

The bitcoin headlines and commentary seem all doom, gloom, and despair:           Bitcoin is about to do something it has never done before — hint: it’s not good –MarketWatch Bitcoin Is Now Officially In Its Longest Bear Market Ever –CoinDesk Bitcoin creates new record; continues downward spiral for the sixth consecutive month.

2019-2-5 19:40


Фото:

Venezuela Breaks Bitcoin Trading Record Again As New Regulations Become Law

Venezuela set a new record for the amount it traded for Bitcoin (BTC) last week, showing cryptocurrency’s continued appeal in the face of ongoing political turmoil. 17. 1 Billion Bolivars For Bitcoin Data from Coin Dance, which tracks volumes on P2P trading platform Localbitcoins, showed that in fiat terms, the seven days ending February 2 were the busiest on record for Venezuela.

2019-2-4 12:00