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Bitcoin Holding $8K as Support but What Will it Take to Break $10K?

From cointelegraph.com

Bitcoin price (BTC) closed the week at $8,180 representing an 11% gain for the week after struggling to break the resistance at $7,600 for most of November and December. The price is down around 1% on Monday but the bulls have retained the $8K handle. Total market cap excluding Bitcoin was up 12.5% last week meaning that altcoins are starting to gain some market share from Bitcoin, which is impressive given BTC’s impressive week and counter to the general downtrend that has been in place since summer. {image} 1-week chart After an impressive week of gains, Bitcoin is now trading above the 50,100 and 200 weekly moving ... (full story)

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  • Category: Technical Analysis