Reasons for the Bitcoin rally in July/August 2020!
Just last month, July 28, 2020, the Bitcoin price broke the $ 11,000 mark again. This rally was triggered by strong technical indicators and numerous bullish news. If the high in June 2019 at around USD 13,800 will be broken too, Bitcoin could soon head back to the all-time high of USD 20,000. In this article, we will go into more detail about the reasons for the rapid rise in the price of Bitcoin in July/August 2020. In the past few months, the Bitcoin course has struggled to break the $ 10,000 mark more often. On Monday, July 27th, 2020 it was finally time again and the Bitcoin price rose in the range between USD 10,000 - USD 10,500. In the evening there was the long-awaited breakout above $ 11,000, with a daily high of $ 11,422. Source: https://coinmarketcap.com/currencies/bitcoin/ The last time the Bitcoin price reached this level was in August last year. What are the reasons behind the sudden surge in Bitcoin price above $ 11,000? 1. Technical bullish indicators Many of the cry