Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500
- Bitcoin (BTC) resurgence, up 6 percent
- Altcoins dominance fall
Superior, Bitcoin is generally in an uptrend despite early July losses. Presently, resistance lies at $14,000, and if buyers overcome this level, then BTC could soar to $18,000 by close of the year.
Bitcoin Price Analysis
The altcoin world is turbulent. Even if the general notion is that Bitcoin and altcoin prices are in sync, correlating directly with the former acting as a base in most , thus far, there is a divergence in performance.
Contributing to this difference is the of Bitcoin, the trust it has thanks in part to the controversy around its use, and the high reliability. However, what sets them apart is what investors want to draw from each asset. Driven by varying objectives, Bitcoin remains to be that store of value, a reliable, low throughput network whose security is like no other.
On the other hand, investors and even traders relishing for action and ten-fold gains within short time frames flock in droves to altcoins.