In the cryptocurrency world, there is plenty of uneasy momentum at this time. Not entirely surprising, as yesterday saw an unexpected amount of market momentum as well. Even the Bitcoin price seems uncertain as to which direction it should in. With a current value of just over $5,300, a very intriguing trend is taking place.
Bitcoin Price Momentum Remains Uncertain
The current value of Bitcoin determines the momentum for all alternative markets. When Bitcoin gains value, alternative markets tend to follow suit, up to a certain degree. Today, there is a lot of uncertainty affecting all markets, primarily because Bitcoin’s future price direction remains difficult to predict.
Over the past 24 hours, the balance for Bitcoin looks far from impressive. There is a 0.47% gain in USD value, yet this only helps to bring the value to a hair over $5,300. It is entirely possible this level will hold this time, but that seems rather unlikely. The overall trading volume remains rather solid, though, which could offer some relief over…