Bitcoin Price Soars on Strong Weekly Close Putting $10.5K Within Reach

Bitcoin Price Soars on Strong Weekly Close Putting $10.5K Within Reach

Gate Trade News Monday, July 27, 2020 28 0

Bitcoin bulls target $10,500 after BTC managed a strong weekly close and rallied to $10,315.

 

Within the last hour, Bitcoin (BTC) price rallied above $10,000 to set a new monthly high at $10,315. 

 

The move came after a rather uneventful weekly close which saw the top-ranked digital asset on CoinMarketCap close above an important multi-year descending trendline. 

 

A few hours after the close, Bitcoin price found renewed strength and surged above the $10,100 resistance zone.