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Bitcoin Rallies Above $8,150 But $8,250 Remains Key Obstacle

From zycrypto.com

Bitcoin has made a big comeback, successfully climbing back above $8,100. The return by the bulls comes after a dip a day ago that saw Bitcoin retest the $7,750 low. While the drop below one of its higher support position of $7,800 was troubling, its ability to bounce up before testing the troubling $7,600 was commendable. Today, Bitcoin seemed to start off small with moderate gains of about 2% but as the wider market turned green, Bitcoin intensified its rally. Trading volume has also kicked up a notch after beginning the day under $19 billion. This is now headed above $20 billion. At the time of press, Bitcoin has ... (full story)

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  • Category: Fundamental Analysis