As was somewhat to be expected, the current Bitcoin price momentum is not decisively heading in a specific direction as of yet. Yesterday’s dip has been negated for the most part, yet the overall unease remains. Thankfully, Bitcoin surpassed $5,700 once again, but it might not necessarily stay there for very long.
Bitcoin Price Direction Remains Uncertain
As the weekend almost draws to a close, traders are hedging their bets when it comes to cryptocurrencies, tokens, and assets. Since almost all alternative markets will derive value from Bitcoin, the world’s leading cryptocurrency needs to find a solid direction to head in. As of right now, that is not the case just yet. There is a sense of unease which can send the market in either direction pretty easily.
Over the past 24 hours, it would appear the Bitcoin price has recovered some of the recent losses. By successfully surpassing $5,700 again after this 0.62% increase, expectations are somewhat high. Sustaining this current level is a different matter altogether,…