RATE Group | Bitcoin Dominance Surges as Bulls Flex Their Strength
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Bitcoin Dominance Surges as Bulls Flex Their Strength

02 Aug Bitcoin Dominance Surges as Bulls Flex Their Strength

Posted at 02:49h in Ethereum News by

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Bitcoin and the aggregated crypto markets have incurred a sudden influx of buying pressure that has allowed BTC to firmly climb into the five-figure price region. This surge marks a continuation of the upwards momentum that the crypto has been incurring over the past several days.

Now, analysts are noting that Bitcoin’s increasing dominance over the markets and robust technical strength may allow the cryptocurrency to climb into the upper-$10,000 region in the near-future.

Bitcoin Bulls Roar as BTC Surges Past $10,000

At the time of writing, Bitcoin is trading up over 4% at its current price of $10,400, which is up significantly from its 24-hour lows of $9,900 that were set yesterday after BTC was rejected at $10,100.

This positive price action has come about after a long period of downwards pressure experienced by BTC, which was first sparked in late-June when the crypto was rejected after moving to highs of $13,800, leading to a month-long downtrend.

This downtrend sent Bitcoin from…

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