In the volatile world of cryptocurrency, everything stands or falls with Bitcoin. While altcoins may show some independent momentum now and then, it won’t fool experienced traders in the slightest. As of right now, the Bitcoin price is moving up ever so slightly, as the $5,500 level has come into play again.
Can the Bitcoin Price Sustain the Growth?
To date, it has been a rather interesting year for Bitcoin in many different ways. After overcoming a major price retrace, it would appear the world’s leading cryptocurrency is moving in the right direction again. Although the $5,600 level might not necessarily be retaken this week, it seems unlikely a drop below $5,000 will materialize, which is what most people are interested in.
Over the past 24 hours, the Bitcoin price has gained 2.08%, which is more than respectable. This gain allowed the BTC value to briefly surpass $5,500 again, although it seems likely that will remain a level of contention for some time to come. It is a more than interesting gain regardless,…