Today could prove to be a rather interesting day for the Bitcoin price once again. After successfully breaching the US$4,000 resistance yesterday, the price didn’t succeed in maintaining its momentum.
Right now, the Bitcoin price is making a second attempt to remain above US$4,000 as we speak. The big question is whether or not this effort will be successful for more than a few hours.
It is evident a lot of people are keeping a close eye on the Bitcoin price chart right now. After the recent major price correction fueled by the China news, a lot of people expected Bitcoin to keep going down in value.
Ever since the bounce started becoming more apparent on the charts, the uptrend has seemingly resumed. One of the first big hurdles to clear is the resistance at the $4,000 level, which is seemingly growing stronger every hour.