***Bitcoin’s bouncing back, here are the next big catalysts for the cryptocurrency***

Bitcoin is back.

Bitcoin’s bouncing back, here are the next big catalysts for the cryptocurrency .
According to CNBC "Fast Money" trader Brian Kelly, Tuesday's rally is the result of more crypto-friendly attitudes by government regulators. Not only did Wyoming on Monday pass a bill relaxing securities law for some tokens, the South Korean government, which had previously vowed to crack down on cryptocurrency trading, said it would "support" and even "encourage" crypto operations so long as they were "normal" transactions.

For those looking to make a trade, Kelly recommended buying March Cboe bitcoin futures at $12,000 with a target of $18,000. Since bitcoin futures are so volatile, he put a stop in at $10,000.

Cboe and CME bitcoin futures hit their highest levels since Jan. 29 in Tuesday's bitcoin rally, up 15 percent and 16 percent, respectively, for their best sessions since they began trading in December.

Is a big bitcoin comeback ahead?
Yes
No