Bitcoin Surges To $26,700, But Will This Rise Last?

Bitcoin Surges To $26,700, But Will This Rise Last?

Bitcoin has observed a surge towards the $26,700 level in the past day. Here’s what on-chain data says regarding whether this rise would stay.

Bitcoin Has Broken The $26,700 Level During The Past Day

After a long run of stagnation around and below the $26,000 level, Bitcoin finally seems to be making a steady run above it, as the cryptocurrency has now breached the $26,700 mark.

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With this latest rise, BTC is up about 4% during the past week, making the coin the best performer among the top 10 assets by market cap in the sector. After seeing so many fragile attempts at recovery in recent weeks, though, Bitcoin investors might be doubtful whether this rise is here to stay.

On-chain data might provide

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