Bitcoin Surpasses $26,000: What’s Next for the Cryptocurrency Market?

As of writing, Bitcoin‘s price has climbed above $26,000 and peaked around $26,500. What’s next? Despite altcoins not reacting as much as expected to the surge, investors remain hopeful. With buyers stepping back into the limelight, the importance of some critical zones is intensifying. Bitcoin Comment The April survey by Laser Digital among institutional investors revealed that 90% of the participants were ready to invest in crypto if the asset was backed by a “large traditional finance institution”. The recent news from BlackRock may help accelerate the institutional demand. Today’s surge is largely driven by this expectation. The Glassnode co-founders Yann Allemann and Jan Happel, in their post on June 15th, stated that one traditional technical analysis indicator and two on-chain indicators for Bitcoin appear similar to what we observed right before Bitcoin surged above $20,000 in 2017, and in the third quarter of 2020. If history repeats itself, the […] The post Bitcoin Surpasses $26,000: What’s Next for the Cryptocurrency Market? appeared first on COINTURK NEWS.