In the past four days, the bitcoin price has increased from $7,630 to $8,240 by nearly eight percent against the U.S. dollar as other major crypto assets such as Ethereum and Litecoin recorded large gains.
The bitcoin price has recovered strongly in the past four days, reclaiming $8,200 (source: coinmarketcap.com)
As technical analysts anticipate bitcoin to sustain its momentum in the near to medium term following the seven-year trend line of the asset, strategists look towards the trade war between the U.S. and China as a potential catalyst of the dominant crypto asset.
