Now that Bitcoin has seemingly found its groove again, there is a good chance the remainder of the day will yield positive momentum. Whether or not further gains will be realized, is difficult to predict as anything remains possible under these circumstances. Right now, the Bitcoin price sits above $5.200 again, yet a push to $5,300 remains rather unlikely.
Bitcoin Price Push Keeps Traders Happy
This morning, it almost seemed as if Bitcoin would drop below $5,000 again and usher in another wave of bearish pressure. Several hours later it almost seems as if this dip never occurred in the first place. No one can claim cryptocurrency markets are boring in any way, albeit they often fail to make any real sense. Today is no different in that regard, but in a positive manner.
As of right now, the Bitcoin price sits at $5.212 and shows signs it may continue to inch higher in the hours to come. This 3.08% increase is already quite impressive given the current circumstances. For now, it would appear BTC happily bounces between…