Bitcoin’s price went up by nearly $1,000 the 24 hours before $13,000 was reached. After Wednesday morning’s peak, the cryptocurrency has corrected slightly downwards to about $12,800, numbers from Coinmarketcap shows.
Difficult to deny the bull market
The question is whether the rally will continue. Analyst Josh Rager believes it will.
“The monthly close is still a few weeks away but you can’t deny the bullishness if Bitcoin can close above [June’s highest peak] $13,863,”, he writes on Twitter.
For bitcoins competitors, it has not gone as well. Almost all big altcoins show red numbers on Wednesday morning, Cointelegraph reports.