From previous months bitcoin is in correction . It had broke all the supports and the market sentiments are totally bearish.
But 2 days ago, when the ETF news comes in the market that leads the bullish behaviour of market and it started turning Green from Red.
Last night bitcoin break all the resistance and jumped to 7400$ and now its making new support around 7200 & 7300$ .
This leads market sentiments in bullish behaviour bcoz it broke the very important resistance of 6800$ . Whenever btc tries to cross this resistance it failed . But now its 3rd time , Market is having positive news everywhere about bitcoin and also mainly the ETF news that gives Btc strength and volume . So , it broke the 6800$ level with high volume and jumped to 7400 $ in just 1 hour.
Effect On Other Cryptocurrencies
Following Bitcoin the other cryptocurrencies is also growing . For a clearer view look at the pic below.
As u all can see all the altcoins are following bitcoin and showing 5 to 10% increase in their values .
Specially the Bitcoin Cash , Ethereum , Cardano , Ripple , Xlm , Litecoin , Neo and many more are in green.
Simply saying the first 20 cryptocurrencies are revovering fast or following bitcoin .
This was an instant update from me about bitcoin . I know like me u all are very happy to see bitcoin crossing the 7000$ .
Plz share your views in comments .