Bitcoin is trading at $8,302, up 4% from yesterday. Bitcoin price broke the key resistance against the US Dollar at $8,000. On the hourly chart of BTC vs. USD, we find a key connecting bullish trend line with a support level at $8,250.
Bitcoin's dominance in the crypto market got a boost when its price broke the $8,000 level for the first time in the past two months. This sudden rise is further increasing investors' confidence about the cryptocurrency.
Bitcoin is the oldest blockchain that has the first-mover advantage and a remarkable 99.99% uptime. Also, it is the most battle-tested and most immutable blockchain with the most pronounced network effects. So it sparks the highest confidence level among the crypto investors.
www.finstead.com/bit...diction-july-25-2018
Bitcoin's dominance in the crypto market got a boost when its price broke the $8,000 level for the first time in the past two months. This sudden rise is further increasing investors' confidence about the cryptocurrency.
Bitcoin is the oldest blockchain that has the first-mover advantage and a remarkable 99.99% uptime. Also, it is the most battle-tested and most immutable blockchain with the most pronounced network effects. So it sparks the highest confidence level among the crypto investors.
www.finstead.com/bit...diction-july-25-2018