As the weekend continues, the majority of cryptocurrency traders shift their focus to Bitcoin once again. That is only normal, as the world’s leading cryptocurrency dictates the pace for all alternative markets. After a rough Friday, it would appear the Bitcoin price is recovering slowly. There is still a lot of work ahead before the next bull run can begin.
Bitcoin Price Notes Some Small Gains
While yesterday’s dip took plenty of people by surprise, it seems most of that negative momentum has not carried over to today. That doesn’t mean there won’t be any further bearish pressure later today or tomorrow, but right now, things are looking relatively safe. Retaking the $5,300 level might not necessarily happen just yet, although the markets remain unpredictable.
To put this in perspective, the past 24 hours have yielded a 0.71% Bitcoin price increase. As the current value sits at $5,273, plenty of traders will be happy with how things are going. Even so, it seems unlikely the price will hit $5,400 or more in the…