Investors are pushing hard with the market capitalization of digital currencies at $12 billion in 24 hours.

At the time of writing , the price of the bitcoin has rebounded from $6,300 to $6,700 , breaking the downward trend line since May 3 when the currency hit $10,000 . While it is too early to conclude that the major currency has entered a medium - term rally , where the BTC is still likely to fall bellow the 6,000 level in the short term , this is an opportunity for the market to catch a breath from the recent major correction that started in Early May .

this image from: https://pixabay.com

So far , the currency has managed to maintain its relative stability within the barrier of $6000 , with the stability of the volume of circulation and moving averages , indicating that there is some momentum for the main currency . But if the BTC falls to $6,400 in the coming days ,it is likely to continue its downtrend .

this animation by @maad666