In the first hours of the trading session in North America on Thursday, July 18, the price of the first cryptocurrency rapidly went up and in about half an hour rose to the levels above $ 10,400.
APDATE: at 16:10 UTC, the bitcoin rate rose above $ 10,500. At the Bitstamp exchange, in the following minutes, the price reached $ 10,650.
Earlier in the day, bitcoin was trading in the corridor between $ 9,600 – $ 9,990, but around 2:00 pm UTC fell to $ 9,280, giving rise to fears of a possible fall below the psychological level of $ 9,000.
Nevertheless, at 14:20 UTC, the situation changed dramatically – in a short period of time the cryptocurrency added more than 7%, rising close to $ 10,500 on a number of exchanges.
BTC / USD , TradingView data
According to CoinDesk analyst Omkar Godboul, the latest developments cast doubt on the prospects for a fall below the support level of $ 9097, however, to resume a full-fledged bull trend, Bitcoin will need growth above $ 11,080.
According to him, markedly increased trading volumes will also favor in favor of such a scenario.
Bitcoin's dominance index, which reached record levels earlier this week since April 2017, is currently at 65.8%, the capitalization of the first cryptocurrency is $ 185.7 billion.
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