Bitcoin and crypto markets are back in the green this Monday morning in Asia following a 5% gain from the king of crypto. BTC markets have been bolstered again and a couple of factors could be in play.
Following a fall from resistance last week, bitcoin has rebounded again over the weekend as it pushes back above $8,600 this morning during Asian trading. The last 24 hours or so have been bullish with steady gains increasing BTC prices by almost 5% since the beginning of the weekend.
BTC price 1 hour chart – Tradingview.com
Analysts such as Josh Rager have commented on the premise that anything holding over $8k is bullish the longer it stays there.
$BTC – nice start to open the week
I'll continue to accumulate sats via trading at these ranges and will buy spot $7ks or below
The longer we range above $8k, the more bullish, imo
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