Finally, there is a pump of demand as far as Bitcoin (BTC) price action goes. Bitcoin is trading above $6,500 and odds are we might see further gains this week after week ending July 8 bullish confirmation and push above $6,000.

In any case, technical formations point higher but what would spur demand are fundamental events so we shall watch out for those too. There is good news and a nice “problem” for Bitcoin legacy network.

That of capacity resulting from too much demand for their blockchain-and that was expected. Of course, being the most valuable network in the globe, Bitcoin draws attention.

Besides, the fact that it is super-secure means people have confidence in it that’s why it is draws an average of 200k transactions a day. That’s on top of those of Lightning Network which despite being on beta still has a capacity of around 40 BTC.

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