After last week, it has become more than apparent Bitcoin is capable of turning bullish when people least expect it. To start off this week, the world’s leading cryptocurrency is still going strong, as the Bitcoin price sits at $5,230. While there is some minor bearish pressure to contend with, it seems the $5,000 level will remain in place for at least another day.
Bitcoin Price Momentum Should Continue
It is always difficult to make any accurate predictions where Bitcoin is concerned Although this currency is the market trend setter first and foremost, it is also pretty fickle even under the best of circumstances. In the past few days, Bitcoin has shown numerous bullish signs, although there has also been some sort of a retrace just prior to the weekend. Kicking off this new week on a high note is vital to keep the momentum going, and so far, it seems everything is in order.
To put this in perspective, the Bitcoin price has gained 1.64% in the past 24 hours. With a current price point of $5,233.87, it would appear there…