Bitcoin (BTC) has broken through the $7,000 barrier after a big weekend, but is now fighting to stay resist a strong corrective trend.

Strong weekend

The original cryptocurrency made most of its progress on Saturday, with its price gaining nearly $1,000 to hit an intraday high of $7,333.00. The digital coin finished the session at $7,204.77, well above its opening price of $6,379.67.

BTC continued its advance during the Sunday morning session, with its price topping the $7,500 mark for the first time since August 3, 2018. However, the situation changed dramatically during the afternoon part of the session, when Bitcoin pulled back to sub-$7,000 levels. The coin fell to as low as $6,815.77, before eventually closing the session at $6,972.37.

Yesterday’s finish put Bitcoin in a position to attempt to secure a stable position above $7,000 on Monday. The coin managed to retake the important price level in the opening hours of today’s trading, rising to as high as $7,116.78 in early trading. BTC has seen a pull-back to lower…

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Source: https://thebitcoinnews.com/bitcoin-over-7000-can-btc-hold-above-important-price-level/