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What Happens After Bitcoin’s Bullish Spike Today?

Dawn Wu

Summary: Bitcoin surged to $7,725 earlier this morning, claiming a nearly 8% gain.

Bitcoin surged to $7,725 earlier this morning, claiming a nearly 8% gain. At the time of writing, the price has fallen to $7456, according to data from Bitpush.news. Still, Bitcoin and other cryptocurrencies have witnessed a significant spike today. 

A report from News BTC stated that the performance of Bitcoin could lead the rest of the crypto market, upward and downward. The report further quoted the analysis of a high-profile Bitcoin Twitter account (@TeddyCleps) that $7500 could be a benchmark to forecast future directions of the currency. “Above it: trend has been very bullish; Below it: trend has been very bearish.”

By Dawn Wu

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