© 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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