Bitcoin's current trend is looking positive, with its value increasing by 5.8% over the last seven days, outperforming the global cryptocurrency market ¹. The cryptocurrency's price is around $2,694.94, with a 24-hour trading volume of $15,885,886,835.43 ¹.

*Historical Context*
Bitcoin's price has been on a rollercoaster ride since its debut in 2009, but its long-term trajectory has been upward ². In 2023, Bitcoin's price gained more than 50% through mid-June, amid a broader rally in tech stocks ².

*Market Dominance*
Bitcoin's dominance has surged to 57.3%, marking a three-year high, according to Binance Research ³. Its market cap has risen by 37.5% year-to-date, while the total altcoin market cap has only increased by 15.5% ³.

*Technical Analysis*
In the short term, Bitcoin is in a rising trend channel, indicating further growth ⁴. However, in the medium long term, Bitcoin is within an approximate horizontal trend channel, suggesting further development in the same direction