Many cryptocurrency analysts and enthusiasts do not buy the idea that Bitcoin has bottomed and is setting the stage for a grand rally to beat 2020 high around $10,500. Their skepticism is driven by the fact that Bitcoin tested $7,000 and failed to breakthrough. Another attempt that followed recovery from support at $6,000 on Wednesday stalled at $6,850. At the time of writing, Bitcoin price is doddering at $6,703 following a minor upward advancement from $6,795 (opening value). Although the volatility is low, BTC/USD remains largely in the hands of the bulls. For instance, ascending channel support has stayed in ... (full story)