• BTC was up by more than 10% over the last seven days, along with a hike in volume.
• Selling pressure on BTC increased, which could cause a trend reversal in the coming days. 

Bitcoin [BTC] once again surprised investors with its bullish price action over the last week. Thanks to the uptrend, BTC finally managed to push its price over the $30,000 mark. 

Bitcoin dominance hits highest point in over two years. pic.twitter.com/dj1nhS4Lyy

— Altcoin Daily (@AltcoinDailyio) October 22, 2023

Read Bitcoin’s [BTC] Price Prediction 2023-24

The hike in its value also pushed the king of cryptos’ dominance to the highest level in the last two years.

However, investors must exercise caution, as a few recent metrics suggest that BTC’s price might witness a price correction soon. Therefore, a closer look at Bitcoin’s health report could shed light on what to expect from the coin in the days to come.

Bitcoin investors are enjoying profits 

Bitcoin’s price rallied by more than 10% over the last week, allowing it to move above $30,000. According to CoinMarketCap, at the time of writing, BTC was trading at $30,735.06 with a market capitalization of over $599 billion.

Not only did the coin’s price increase, but its daily trading volume also surged by 23%, which by and large is a positive signal.

Thanks to the increment in its v

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Author: Dipayan Mitra

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