Bitcoin price has turned a corner today in mid-week trading, after sellers failed to push through to the all-important USD 8,500 support line, bouncing off mildly to trade ever so higher as price improves almost 1% at USD 8,735 at 1:45 pm UTC (CoinDesk).

Long traders will certainly be breathing a bit easier after yesterday’s sell offs threatened to bring more bearish sentiment, although the market does seem to be entering into another period of low volatility and low volume, as Bitcoin once more looks for certainty in the medium term direction.

Altcoins, perhaps also surprisingly, did not retract from their positions in Bitcoin’s slight recovery, despite impressing as Bitcoin price declined in the past days. This time, they chose to go along with the world’s most-traded digital asset and showed almost all valuation increases of around 1% in the Top 30. Coins that outperformed significantly were NEO (6.34%), QTUM (4.35%) and TRX (3.14%), while even DOGE showed some teeth with a 2.86% increase.

Now that the crypto influencers sense the end of the year coming, and with 2020 bringing new dawns full of promise for bullish action, renowned venture capitalist Tim Draper has named Bitcoin’s second layer solution Lightning Networks as the precursor to a price exceeding millions of dollars after 2022, thanks to users being able to make easier, cheaper and faster transactions using Bitcoin.