Analyst: Recent Bitcoin (BTC) Rallies Have Coincided with Fresh Bitmex Quarterly Futures4

Bitcoin was recently able to surge above its previous level of strong resistance around $4,000, but BTC has not incurred any significant buying pressure since climbing above this price level. It currently remains unclear as to whether or not this former resistance level will now flip to become a level of support, which would be the best case for the cryptocurrency.

One analyst recently pointed to an interesting trend, where the start of new Bitmex quarterly futures coincide with Bitcoin price jumps, which may give traders greater insight into the reasons behind what otherwise appear to be random price movements.

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