Bitcoin (BTC) Explodes Past $4,100 With Record Exchange and Futures Volume, Is It a Dead Cat Bounce?

Bitcoin’s bulls awoke earlier today when the crypto markets surged, sending BTC to well over $4,100. This price surge came about after an extended period of sideways trading that signaled to traders that $4,000 was previously a strong level of resistance for the cryptocurrency. Today’s jump may have been fueled in part by a record BTC futures volume earlier this week.
Many prominent analysts are now hinting that Bitcoin’s latest price surge may be more than a dead cat bounce an