Bit-comment: Another breakthrough for the Bitcoin

Bitcoin has made yet another breakthrough on the weekend. On Sunday BTCUSD rose above the $9000 and then updating the 13-month highs at $9324.

Over the last week, the growth of the benchmark cryptocurrency exceeded 20%. BTC’s trading volume in recent days exceeded $23B. The Index of Bitcoin’s dominance has reached 57.4%. Prior to that, this index decreased from above 60% to 55% levels in June, reflecting the growth of interest to altcoins.

Judging by the tendency of Bitcoin to jump from one round level to another, the next goal and barrier can be an area near $10,000.

On the other hand, despite the increased trading volumes since April, in June the sale of Bitcoin (at the levels above $8600) was held at higher volumes than subsequent buying. This is a sign that potential buyers may need to carefully choose the moment when to enter the market.

The FxPro Analyst Team