Bitcoin [BTC] The price has made a major move on the chart after breaking the $22,000 resistance on the daily chart. As of September 12th, Crypto King breached this zone and continues to maintain it.
This is also the first time that bitcoin has broken above $22k in three weeks. Meanwhile, bitcoin’s profit versus loss transaction ratio has reached its highest point since March 2022. sentiment,
According to CoinMarketCap, at press time, BTC was trading at $22,310 after a gain of 1.25% over the past 24 hours. This puts Bitcoin in a strong position to end the week in the green zone. The coin was also helped by increased trading volume, which jumped over 15% on the daily chart.
This “mild surge” appears to have re-triggered the demand for bitcoin. As the trader’s profitability increases, the coins become attractive to traders again. This was also featured in recent glassnode Tweet Which claimed that the number of transactions (BTC) has reached a three-month high of 10,858.
a social hero
Bitcoin is also depicted as the “Coin of the Day” on LunarCrush. The following tweet claimed that Bitcoin had registered “positive price action and increased social activity” for its win.
Not to be forgotten, social activity is still a major component of the booming movement.
With positive price action and increasing social activity, #bitcoin coin of the day #LunarCrush,
Galaxy Score™ 48/100
AltRank™ 15/3871
Value $22,227.61 +2.57%Real-time bitcoin view $BTC https://t.co/ei2IG13Qvg . on metrics pic.twitter.com/yzMOdblHtk
— lunarcrush (@lunarcrush) 12 September 2022
more news coming
Furthermore, Bitcoin is also expected to gain dominance from Ethereum by volume metrics. [ETH] soon. Ethereum has led the crypto bear market for almost two months in view of the merge situation.
But a change is expected once the enthusiasm for the merger subsides. This could pave the way for Bitcoin to claim the top spot on the metric once again.
For now, the bitcoin community can wait until the merge and enjoy a mild price jump on the price charts.