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Bitcoin shoots up by over 12%. Is the next step to the moon?

Bitcoin price has surged again after a recent dip in value – this time by over 12%. With these minor corrections, can we expect the token to go to the moon?

Written by Becky Leighton Published on

Looking at the charts from Coin360.com, it’s evident that the leading tokens are on the rise showing green following the recent dip.

Bitcoin price

Bitcoin price

After a run of growing price spikes, Bitcoin saw a correction in its value last week, dropping from $13,796.49 to $9,737.88 in less than seven days. Despite the drop in price, however, Bitcoin has been regaining slowly to see $11,297.06 from a 24 hour low. This is a whopping 12.77% increase in daily trading returns. If the token can maintain its trajectory with modest corrections, it might be that the crypto summer is to be a profitable one for traders.

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Bitcoin price

 

Ethereum price

Ethereum price, which often follows the trend of the leading Bitcoin, is showing modest gains with a 5.70% increase in price. Over the past 24 hours of trading, the leading altcoin saw its low point at $272.60 and then gained almost $90 to see a 24-hour high of $361.40. Like Bitcoin, this gain came after a dip in price following the recent major surge.

Ethereum price

To the next all-time high?

As Bitcoin was rising quickly, cryptocurrency advisor and trader Josh Rager tweeted that we need to see the pullbacks and corrections in order to hit the next all-time high:

Given this point, the dips in between Bitcoin and the cryptocurrency market gaining value could be the best thing the cryptocurrency market could see.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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