Bitcoin dropped from $7,000 over the past 24-hours of trading but is finding support at the $6,550 level. It had broken above this $6,550 resistance over the past 3-days of trading to rise into the $7,000 level before stalling. These latest price increases show that Bitcoin is starting to recover from the previous price capitulation, especially after increasing by almost 14% over the last week of trading. {image} Taking a look at the daily chart above, we can see that Bitcoin rebounded from support at $5,786 that was highlighted in my last analysis. After rebounding it went on to rise above the previous resistance at ... (full story)