Bitcoin: Price Fails to Maintain $4,600 but Upward Momentum is Still Intact
Things aren’t looking all that great for most cryptocurrencies over the past 24 hours. With the Bitcoin price making a major leap over the past 24 hours, nearly all altcoins are in the red of at their breakeven point.
While Ethereum, NEM, and Dash are exceptions, most people will keep a close eye on the Bitcoin price chart. There is some resistance across exchanges, although, as this $4,550 price point will be contested for quite some time to come.
It has to be said, yesterday’s Bitcoin price jump took a lot of people by surprise. Although it was only a matter of time until the Bitcoin price would see a big move upward at some point in the future, no one expected such a sharp rise all of a sudden.
Despite the current price change reflecting only 3.22%, it is the first time successfully broke $4,600 yesterday, albeit the momentum didn’t last all that long.
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price up and down is natural phenomena
meep