Bitcoin\u2019s 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\u2019s jump may have been fueled in part by a record BTC futures volume earlier this week.<\/p>\n
Many prominent analysts are now hinting that Bitcoin\u2019s<\/a> 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.<\/p>\n At the time of writing, Bitcoin<\/a> is trading up over 3% at its current price of $4,120, up from its daily lows of $3,980.<\/p>\n The CME Group noted in a recent tweet that BTC\u2019s futures volume has surged to record highs in recent times, which is partially due to Bitcoin\u2019s recent price ascent that led it to its current prices from monthly lows of $3,400.<\/p>\n \u201cSurge in bitcoin price leads to record $BTC futures volume on February 19 with over 18K contracts traded.\u201d<\/p><\/blockquote>\n Surge in bitcoin price leads to record $BTC<\/a> futures volume on February 19 with over 18K contracts traded. https:\/\/t.co\/X3zW4D861Y<\/a> pic.twitter.com\/Qldb1jaVgw<\/a><\/p>\n — CME Group (@CMEGroup) February 21, 2019<\/a><\/p><\/blockquote>\nBitcoin (BTC) Futures Volume Surges to New Records, But Could This be a Dead Cat Bounce?<\/strong><\/h2>\n
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