BitcoinLong
BTC USD
the primary cryptocurrency finally produced more decisive moves upwards. After trading in a range of around $54,000,
bitcoin initiated an impressive leg up that resulted in adding $4,000 of value in a day to a high of $58,500.
This became the asset’s highest price tag since the mid-April market-wide crash.
However, this is where the bears stepped in again and didn’t allow any further increases. In the following hours, bitcoin retraced by more than $2,000, resulting in a dip to just over $56,000. Despite recovering some of the losses, BTC is still more than 2% down on a 24-hour scale.
bitcoin initiated an impressive leg up that resulted in adding $4,000 of value in a day to a high of $58,500.
This became the asset’s highest price tag since the mid-April market-wide crash.
However, this is where the bears stepped in again and didn’t allow any further increases. In the following hours, bitcoin retraced by more than $2,000, resulting in a dip to just over $56,000. Despite recovering some of the losses, BTC is still more than 2% down on a 24-hour scale.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.