Bitcoin goes above $13,000 – “hard to deny the bull market”

Bitcoin goes above $13,000 –

Image source: Shutterstock / Coinmarketcap / Trijo News

Teodor Stig-Matz

Analysts believe that bitcoin’s price increase may be the beginning of a bull market for the cryptocurrency.

Bitcoin has had a good week so far. And after approaching the number on Tuesday, the world’s biggest cryptocurrency reached $13,000 on Wednesday morning.

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.

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