Bitcoin (BTC) saw some rocky trading yesterday, experiencing big price swings throughout the session. Having opened the session at $7,807.88, the digital coin rallied during the morning portion of the session and easily reclaimed the $8,000 level. BTC rose to as high as $8,268.71, hitting its highest price level since 29 July, according to data from digital currency tracker Coinmarketcap. However, the rest of the session was marked by high price volatility, as the coin proved unable to secure a stable position above the $8,000 mark. BTC even plunged into the negative territory in late trading, with its price falling to an intraday low of $7,696.39. Bitcoin eventually finished the session at $7,994.42.

So far in today’s session, BTC has followed a similar pattern. The coin was able to easily retake the $8,000 level, but its momentum waned upon approaching the $8,100 mark. After several hours of trading just above $8,000, BTC has once again pulled back to sub-$8,000 levels and is currently hovering around the $7,930 mark.

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Source: https://thebitcoinnews.com/volatility-returns-as-bitcoin-struggles-to-defend-8000-level/