Bitcoin reached the support of 102K dollars with a projectile over the support of 107K dollars

Good news for the entire cryptocurrency market, this if we consider that in the last hours the Bitcoin broke the $107K support, a highly positive action in the recovery and balance of the crypto market.

After reaching $107K the Bitcoin went back down again, however, according to bullish projection experts believe that the price action upward momentum movement is not over yet.

While this move does not assure a bullish continuation, in verbatim words popular trader and analyst TechDev, mentioned the following, "I don't think this Bitcoin momentum is over."

While he predicted that a "constructive" market is needed for alternative cryptocurrencies to break out to the upside, and it is possible that this stimulus will be provided by institutions who are already preparing to open their investment portfolios.

However, it is worth noting that even though a bull run has not been executed, many of the top ten alternative cryptocurrencies by market capitalization posted significant gains throughout the week, a very positive and healthy fact for the current price action of the entire crypto market.

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