Bitcoin buyers finally had the upper hand as they succeeded in pushing the price above the USD 6,600 and USD 6,800 resistance levels. BTC/USD gained more than 3% and traded above the USD 6,900 level. Similarly, major altcoins like ethereum, ripple, bitcoin cash and eos also traded higher and moved into the green zone. It seems like the market sentiment improved to favor buyers and once bitcoin price breaks USD 7,000, there could be additional gains in the near term. Technically, most indicators on the 2-hour and 4-hour charts turned positive, indicating more upsides in BTC/USD and altcoins.
Total market capitalization:
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