RATE Group | Bitcoin Suddenly Surges Past $10,000 as Bear Trend Dies; Factors & Trends
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Bitcoin Suddenly Surges Past $10,000 as Bear Trend Dies; Factors & Trends

18 Jul Bitcoin Suddenly Surges Past $10,000 as Bear Trend Dies; Factors & Trends

Posted at 23:54h in Bitcoin News by

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The crypto markets were taken aback earlier today when Bitcoin’s bulls stepped up and led BTC to surge over $1,000 in a mere matter of minutes, which marked a significant change of tides for the cryptocurrency – which has been facing consistent selling pressure over the past several days and weeks.

Now, analysts are noting that this price surge could mark the end of the bear trend that has been consuming the markets as of late, which may mean that bulls are back in control and will help propel Bitcoin higher in the near-term.

Bitcoin Surges Past $10,000 as Buyers Step Up

At the time of writing, Bitcoin is trading up over 7% at its current price of $10,415, which is up significantly from its recent lows of $9,300.

The recent surge came about after a long period of downwards pressure that sent Bitcoin reeling down from its year-to-date highs of $13,800, which is the price at which the recent bout of selling began.

Importantly, BTC has been able to find strong buying pressure below…

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