RATE Group | Bitcoin [BTC] Price Smashes $9,700; BCH And BSV Record Double-Digit Gains
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Bitcoin [BTC] Price Smashes $9,700; BCH And BSV Record Double-Digit Gains

06 Feb Bitcoin [BTC] Price Smashes $9,700; BCH And BSV Record Double-Digit Gains

Posted at 08:28h in Bitcoin News by

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After a couple of absent days, Bitcoin bulls are back, and they are not taking it easy on bears. They have taken charge of the market and their dominance can be felt on virtually all top cryptocurrencies. Bitcoin has seen an increase of more than 3% from yesterday to see it smash past the $9,500 position.

Its performance has however been overshadowed by that of BCH and BSV which have all seen double-digit gains in the last couple of hours.

Altcoins Outperform Bitcoin: Altseason?

The market is very bullish and there is no evidence that bears will be interrupting this in the short term. For Bitcoin, it is looking to break past the $9,600 resistance before extending its rally.

An accumulation phase in its previous bear phase (9,200) in the last couple of days means that the asset is well supported and the bulls are clear to break above having shaken out the bears.

A couple of altcoins continue to outperform Bitcoin chief among which is Ethereum. The largest altcoin by market cap has…

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