Bitcoin price broke higher on Saturday, ripping past the $ 4,000 psychological resistance and flowing cards over $ 4,100.
The flagship cryptocurrency had swung in the low $ 3,900s for most of the week after touching $ 4,000 on February 18
But, the total market volume for the crypto rival market bounced back to $ 27 billion on Saturday, which means that the bitcoin price can start as high as $ 4,1
Assuming bitcoin can hold over $ 4,000, the next important press would be against $ 5,000, where the coin would face both psychological and technical resistance. According to eToro's Mati Greenspan, a strong jump of $ 5,000 could signal the end of the 14-month cryptographic market.
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Featured image from Shutterstock. Price charts from TradingView.