Bulls Run Amok in BTC, Raising prices by 0.13 % to $16,862.18 By CoinEdition


© Reuters Bulls Run Amok in BTC, Raising prices by 0.13 % to $16,862.18
  • BTC bulls seize market trend, rendering bears’ effort to reverse trend illegitimate.
  • According to technical indicators, bulls are predicted to maintain their lead in the market.
  • BTC has found support in the past 24 hours at $16,755.25.

Bears in the Bitcoin (BTC) market retraced the price to $16,755.25 in the previous 24 hours before bulls found support. Later in the day, the bulls regained control of the market, and the price rose to $16,908.86 before reversing. As of press time, the positive trend managed to value BTC at $16,861.67 (a 0.13% rise).

The Bitcoin (BTC) market capitalization increased to $324,365,826,978, and the 24-hour price chart increased by 31.34% to $12,406,915,053 as a result of this rise, indicating that market activity is escalating.

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