Bitcoin, the top coin by market capitalization, has endured a minor recovery over the last 24 hours with its price spiking by 4.5 percent.
According to crypto trader Luke Martin, BTC closing above $8,300 on Monday could strengthen its bullish momentum throughout the week. If the bulls persist, the crypto king could see the $9,000 in the short-term.
"The Crypto Dog" seems to be on the same page. The popular trader says that Bitcoin needs a break above the $8,500 level for the bullish scenario to come into play.
Meanwhile, Ripple's XRP and Ethereum are staging a major comeback on their respective price charts. Veteran chartist Peter Brandt noticed that both of them were bottoming against Bitcoin.
This is some bad news for BTC maximalists, considering that the crypto king's dominance has been on a decline as of lately.