Analyst: Bitcoin Above $6,400 Confirms Real Bull Run, Volume Surges 3x6.6

Bitcoin has been able to continue extending its upwards momentum and has firmly established its newfound position within the $6,000 region, nearly erasing all of the losses that were incurred in late 2018 after the cryptocurrency failed to find support around $6,400 and was sent spiraling downwards before it found support in the lower-$3,000 region.

Bitcoin is now approaching a critical price level that, if broken above, would confirm the start of the next bull market, which could lead to a gradual upwards climb that ultimately results in another parabolic movement that sends the cryptocurrency back towards, or even above, its previously established all-time-highs.

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