Bitcoin Price Live Today: Why BTC Price is Going Up?

[Coinpedia Fintech News]

Bitcoin price is going up today! The crypto markets are painted in green as the global market capitalization has raised beyond $1.19 trillion with a notable jump of 2.18%. The trading volume also soared high by more than 33.7% marking highs beyond $54 billion. Although some of the altcoins are surging, Bitcoin continues to maintain its dominance, lifting the entire crypto space.

The BTC price managed to hold key support levels at $27,000 but constantly failed to close the daily trade above these levels, which left the market participants confused. Additionally, RSI also displayed a descending trend which fueled the bearish narrative for the asset. However, the price squashed the bearish influence and soared high to reach beyond $28,000.

What's next for BTC?