Bitcoin may surge again due to positive technical indicators and market rotation towards riskier assets.

From Investing.com

July 14, 2024 9:00 am:

Bitcoin may surge again as important technical indicators point towards a potential rally. Market rotation towards riskier assets suggests a positive trend in the cryptocurrency market, with the total altcoin market cap having surged 400% after a similar event in November 2020. Bitcoin miners are easing selling pressure, with Germany no longer selling. Mean reversion indicators suggest a price correction to higher levels, supported by technical analysis showing potential resistance breakout for a bullish trend.

Read more at Investing.com: Can It Happen Again? By U.Today