As this Thursday almost comes to a close, there are still pretty high expectations for Bitcoin. More specifically, it seems as if the Bitcoin price is on the verge of testing $5,300 but it has not successfully done so. The current momentum indicates another potential uptrend is looming on the horizon, although its chance of success remains to be determined.
Where Art Thou Heading, Bitcoin Price?
It has been a pretty interesting week for Bitcoin enthusiasts and speculators. The lack of any bearish momentum tends to make a lot of people excited, even though the actual gains over the past few days are pretty small in general. Even today, there is a very small bump in the right direction, but insufficient to break the $5,300 resistance.
To put this in perspective, there is a 0.82% gain to bring the current Bitcoin price to $5,290. It is a very solid price level, for all intents and purposes, yet it also falls short for those who want to see a massive bull trend. The $13bn worth of trading volume should, in theory, be sufficient…