Analyst: The Bitcoin Bull Run Will Commence if BTC Breaks Above $6,400

The crypto markets have continued to extend their upwards momentum as Bitcoin surged to fresh year-to-date highs, leading most major altcoins to rip upwards. This positive price action marks a significant rise from BTC’s recent lows, which were set after news broke regarding the widely publicized Tether-Bitfinex imbroglio.

One prominent technical analyst has now set $6,400 as the price at which Bitcoin must break above in order for the bull run to officially commence, and the crypto’s growing technical strength may be just enough to push its price above this level

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