Bitcoin (BTC)’s Price Suprasses $4,000 For The First Time In Six Weeks – Is This The Bull Run We’ve All Been Waiting For?

The most important coins in the crypto market are trading in the green at the moment and Bitcoin is priced at $$3,983.08 on CoinMarketCap.

BTC crossed the $4k mark

Bitcoin (BTC) seems to have extended its “mini bull run” as CryptoGlobe calls it. The most important crypto managed to cross the $4,000 mark for the very first time since back on January 9, according to data coming from CryptoCompare.

CryptoGlobe reports that “Beginning on Sunday evening (February 17), there has been a market-wide rally, with top altcoins including ETH, XRP, and EOS experiencing significant price surges.”

They continue and reports that “With over $15bn added to the total crypto market cap since Sunday, this latest milestone comes amid expectations that bitcoin could record its first monthly green candle for over six months.”

Crypto trader Josh Rager has recently said that if BTC is able to remain above the $3,413 mark for the rest of this month, then we would definitely see a green candle for February, according to the same online crypto publication.

It’s also important to note that the overall volume across crypto exchanges is currently double compared to what it was back on February 8th.

The date marked the very first day of the current broad market uptrend. eToro has also recently reported that a total of $27 billion was traded just yesterday versus $14 billion on February 8th.

Bitcoin price predictions

The co-founder of the crypto mining pool Poolin makes a bullish prediction for the number one crypto.

8BTC reported that Zhy Fa said that he believes the next bull run will push the price of BTC somewhere between $74,000 and $740,000.

Bitcoin billionaire Brock Pierce has an interesting prediction of his own that’s worth taking into consideration.

According to him, the collapse of crypto exchange Mt. Gox was so intense that it is one of the roots of the crypto market’s 2018 fall.

He says that if he manages to revive the crypto exchange, BTC will surge to the moon.

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