18 July 2018( Lagos ) :It is interesting how Bitcoin has sharply appreciated this week with prices punching above $7500 during Wednesday’s trading session.

What is even more remarkable is how the cryptocurrency remains supported despite the Dollar appreciating across the board. A possible driver behind Bitcoin’s rally could be markets simply shrugging off some regulatory concerns that have haunted attraction towards the cryptocurrency. Taking a look at the technical picture, Bitcoin could challenge $7780 if bulls are able to secure a daily close above $7500.

Source: Lukman Otunuga, Research Analyst at FXTM

Reporting for EasyKobo on Wednesday, 18 July 2018 in Lagos, Nigeria