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Traditional markets fell under pressure at the market open but underwent an afternoon revival that helped lift the major indices into the green, with the S&P, Dow and Nasdaq finishing the day up 0.76%, 1.05%, and 0.73%, respectively. If they want to maintain their advantage, “Bulls need to show fresh power soon to keep the uptrend alive and to keep their technical edge,” Wyckoff warned.Evidence of Bitcoin’s resilience was provided by market analyst Caleb Franzen, who posted the following chart highlighting that Bitcoin has managed to stay above the short-term holder realized price, which is a bullish sign.
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