The tides have seemingly begun to turn in the favor of Bitcoin (BTC). Volumes have surged across the board, all while the flagship cryptocurrency has slowly moved to and past the auspicious $4,000 price point. And with this, many have begun to call to an end of the bear market, in spite of the fears that lower lows are inbound.
Related Reading: Exclusive: Why Tron CEO Expects Bitcoin, Crypto Assets To Rally In 2020 BTC Moves Past $4,000, Watch The Breakout
Per data from Live Coin Watch, Bitcoin has moved past $4,000 for the first time in a number of weeks. As of the time of writing, BTC is up by 2%, as altcoins have surged across the board. While most established crypto assets, like Ethereum and XRP, have tracked the market leader almost to a tee, some lesser-known projects have seen double-digit percentage gains. Crypto.com’s token has quintupled in the past 72 hours, while Bitcoin Cash has seen a +20% day.
Yet, all eyes are still on BTC, as this specific asset dictates the broader market movements. And interestingly, analysts are more bullish than bearish. Popular Twitter commentator Rhythm Trader, also known as Alec Ziupsnys, noted that the fact that