After weeks of price compression, bulls have returned to the driving seat, a bout of volatility which took markets broadly by surprise. Analysts previously expected a natural end to Bitcoin’s narrowing trading corridor, but the extent of the bullish breakout was unanticipated.
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Markets Report: Bitcoin Embraces $10,000 But Big Futures Gap Could Weaken Bulls
Institutional interest is leaning on $9,400 but against a backdrop of safe haven records, Bitcoin may retain five figures.
Bitcoin is surprising everyone, and the week has barely started—$10,000 is back, but can it hold or even go higher?
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Markets Report: Bitcoin Holds $9,500 as Analysts Weigh Odds of Correction
Bitcoin goes from strength to strength as old resistance slowly flips to support, but how long will it last?
Bitcoin is aiming to end its trading week much more bullish than where it began — suddenly, $10,000 could be just around the corner.
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Markets Report: Bitcoin price hits $9,380 in fresh uptick as traders stay cautious on bull market
A sudden trip closer to $9,500 is not a definitive sign of a trend break, say analysts as Bitcoin’s compression looks ripe for disruption
Bitcoin surprised the market on July 21 as a sudden break to the upside saw the largest cryptocurrency accelerate towards $9,500. Data from price trackers showed BTC/USD suddenly gaining about 1.5% on Tuesday, contrasting the calmer behavior which had characterized the past five days.
