Bitcoin Surges Above $3,800 As Market Rally Continues5.88

Following yesterday’s market surge, Bitcoin has continued to climb and is now looking to target $4,000 as its next point of resistance. Bitcoin’s bullish price action has led to a widespread market surge, with the overall crypto market cap climbing to $125 billion.

At the time of writing, Bitcoin is trading up 7.3% at its current price of $3,820, up significantly from yesterday’s lows of $3,500. Although Bitcoin was able to break through yesterday’s resistance level at $3,600, it appears to have established more resistance in the $3,900 region, as it was swiftly rejected after touching this price region earlier today.

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