The Bitcoin price surged past $27,400 hinting at a bullish reversal, however, the surge in open interest flashes caution.
The Bitcoin market dominance surged past 50% again, with analysts believing that it could rise even higher.
The world’s largest cryptocurrency Bitcoin (BTC) made strong moves on Monday, September 18, with its price rallying all the way past $27,400 levels. As Wall Street’s opening approached, market participants kept a close watch on the resurgence of “momentum” among Bitcoin bulls.
Popular crypto analyst Michael van de Poppe stated:
Bitcoin price breaks the barrier at $26,800 and attacks the highs at $27,200. Trend looks like to be upwards from here, as altcoins are also waking up. Still the best period to buy your assets.
Material Indicators, a monitoring resource, also detected daily buy signals on its proprietary trading instruments. The accompanying commentary noted, “Bulls appear to have gathered momentum since the opening of the D candle.”
UPDATE:

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