Home Blockchain News Bitcoin Price Surges 20% to $4,800 in Minutes: Is the Bear Trend Officially Over?

Bitcoin Price Surges 20% to $4,800 in Minutes: Is the Bear Trend Officially Over?

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The bitcoin price recorded a massive surge from $4,200 to nearly $4,800 within minutes, demonstrating a 20 percent gain in a short time frame. The $4,200 resistance level, which bitcoin has struggled to break out of for more than four months, was broken cleanly for the first time on early Tuesday morning, which led most technical indicators to turn and allow the dominant cryptocurrency to surge substantially. Is the Bitcoin Bear Trend Over? Earlier this week, economist and global markets analyst Alex Krüger said that a price movement of bitcoin

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