Over the past four days, the price of Bitcoin has increased by 8%. On the night of Monday, June 19, the BTC rate strengthened to $26,500.
Leading altcoin Ether (ETH) rose to $1,730. Other digital currencies also showed growth over the weekend, enlisting the support of investors who entered the risky asset market at the end of last week.
Litecoin (LTC), Polygon (MATIC) and Polkadot (DOT) rose 1.5% to $77.4, $0.601 and $4.55, respectively.
Glassnode has recorded a surge in activity from addresses controlling between 0.1 and 1 Bitcoin. These were the wallets that were most often purchased at the end of last week.
A similar situation was observed several months ago during the banking crisis in the United States. After BTC dropped to $16,000, wallets holding between 0.1 and 1 BTC began purchasing the cryptocurrency, taking advantage of its low price.
Glassnode experts do not rule out that if retail traders follow the same tactics in the coming days, Bitcoin could reach $30,000.
An important event was the overcoming of pressure in the area of ââ$26,000. A breakthrough above this psychological mark created the conditions for the return of the bullish trend.
Sellers may become more active if Bitcoin approaches $26,850, analysts predict.
