- Bitcoin is now back as it rallies its price to over $58K.
- Crypto analysts and crypto experts react over the price surge of Bitcoin.
Bitcoin is now back on its feet as it continues to climb back to its uptrend position from its bearish dip in the past week. Today Bitcoin trades a decent price of over $56k with a 7-day growth rate of +7%. For this reason, crypto analysts and crypto experts cannot help forecasting the future of Bitcoin in the days to come.
This made crypto enthusiast Lark Davis react:
Indeed, this tweet made by Lark Davis about Bitcoin’s 6-digit price brings excitement to all the crypto investors that are holding the said crypto. In terms of market position, Bitcoin keeps dominating the crypto world with its whopping market capitalization of over $1 trillion.
Based on the graph above, we can see that Bitcoin right now keeps its trading position above $55k. Yes, this is a price level that catches the attention of investors worldwide. Furthermore, the chart also displays the 12.8% increased rate gap of the crypto from the bullish price of $65k.
If the crypto keeps its aggressive trend, Bitcoin might break its $65k resistance level and advance further in no time. Of course, this will be possible if the bullish market continues to side with the crypto.
Moreover, Bitcoin is not the only cryptocurrency that regains its market position from the bearish dip last week. To be specific, other altcoins such as BNB, ADA, ETH, and DOT are already increasing their growth rate to over +10% in the past seven days.
Update: At the time of writing, BTC price is back to $58,338.53, according to CoinGecko.
Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.