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Bitcoin Leads Crypto Markets Up as Sellers Grow Weary

Bitcoin has been caught within a firm and unwavering uptrend since early-January, which was around the time it bounced at $6,800 and begin the upswing that would ultimately lead it as high as $8,400.
Although the resistance the crypto found at $8,400 was enough to stop the cryptocurrency’s uptrend, bulls were able to defend its key near-term support at $7,700, which has allowed it to once again climb back into the $8,000 region.
If BTC is able to establish a solid footing around this price level, it is highly probable that the aggregated crypto markets will begin to establish some momentum of their own, as most major altcoins have been underperforming Bitcoin over the past couple of weeks.
Today, Bitcoin Cash (BCH) and BitcoinSV (BSV) – two prominent and controversial BTC hard forks – have both incurred significant momentum, with BCH surging over 10% while BSV was able to post a massive 30% surge.
Other altcoins have been able to post slightly more tempered gains today, with Litecoin climbing 7% while EOS jumped 5%.