Bitcoin's price marked yet another week of continuous gains. In the past seven days, BTC is up more than 4%, finally breaking above the essential technical and psychological resistance of $10,000. The price shot up to as much as $10,500 but failed to claim this level and retraced to where it currently trades at around $10,240.
As it stands, Bitcoin might need some time to regain its momentum and try again for the crucial ascending trend-line resistance. In any case, it's important to pay attention to the $10,000 support level from below and the $10,500 resistance from above, which is also this year's highest
Altogether, the entire cryptocurrency market performed very well. Altcoins are also surging as Ethereum, Ripple, Tezos, Chainlink, and others are all marking double-digit increases. The market capitalization crossed over $300 billion for the first time since June last year which is a positive sign.
As it stands, Bitcoin might need some time to regain its momentum and try again for the crucial ascending trend-line resistance. In any case, it's important to pay attention to the $10,000 support level from below and the $10,500 resistance from above, which is also this year's highest
Altogether, the entire cryptocurrency market performed very well. Altcoins are also surging as Ethereum, Ripple, Tezos, Chainlink, and others are all marking double-digit increases. The market capitalization crossed over $300 billion for the first time since June last year which is a positive sign.