Will we see Bitcoin surge up to $4,000 this weekend?

08 Feb, 2019 | Updated: 08 Feb, 2019
by Joeri Cant
Price Action
Will we see Bitcoin surge up to $4,000 this weekend?

Popular cryptocurrency traders on Twitter stated that 'if Bitcoin breaks above $3,600', we could see Bitcoin 'run back to 4K and further'. Bitcoin has indeed broken above $3,600, so it should be straight sailing all the way to the $4,000 price mark.

The number one cryptocurrency is trading up almost 8% at its current price of $$3,667, which made many cryptocurrency traders take to Twitter to share their bullish views on Bitcoin's progress.

Twitter user Galaxy took to Twitter to say that a break above the $3,600 price mark, would confirm a breakout of a month-long falling wedge, which should start a new run back to 4K and further.

Galaxy hinted to the notion that Bitcoin might have found its absolute bottom.

Read more: Market soars back into the green, LTC up 29%

Another popular cryptocurrency trader on Twitter, DonAlt, cautioned his followers, pointing out that it is time to take profits & derisk on both ETH and BTC.

However, he added that despite Bitcoin hitting the top of the trading range, the violence of this surge makes him think 4k$ is coming.

DonAlt was clearly very excited about the recent surge of the cryptocurrency markets.

We will see, as Bitcoin enters the weekend, if this move has enough buying pressure behind it to see if it can surge all the way to $4,000.

Read more: Travis Kling on Bitcoin: "A good chance we have something better than gold"

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Read more about: Bitcoin (BTC)

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