Bitcoin (BTC) Back Above $4,000 on Short-Term Optimism

Bitcoin (BTC) returned to the $4,000 level as trading volumes expanded beyond $8 billion in 24 hours on renewed optimism. For now, however, a rally up to $6,000 is still under question, with more price levels to conquer.

BTC is seeing the usual support from USDT pairings, which build more than 54% of total volumes. The BTC rally this time coincided with altcoins regaining positions from recent lows.

However, cryptocurrency observers point out that bullish attitudes are still very tentative:

https://twitter.com/CryptoShillNye/status/1075477694370918400

The current rally is happening as a result of momentum building up this week, with none of the usual events such…

This article appeared first on Cryptovest

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