What. The. Hell. On Monday morning, Bitcoin (BTC) tapped $8,000… twice. For some reason or another, no one predicted this move. This sudden surge comes after the cryptocurrency stumbled on Sunday, falling to $6,800 in a flash-esque crash after flirting with $7,500 in a massive daily candle.
Funnily enough, many analysts didn’t expect this bullish continuation. As Ethereum World News reported over the past few days, a number of notable traders speculated that BTC was reaching a local peak, looking to technical factors, on-chain statistics, and historical trends to determine that the cryptocurrency market was getting well over-extended.