Bitcoin(BTC) is on an uptrend and has raised up from yesterday which was followed by a jump to $7000 mark.
At press time, Bitcoin is trading at $7,091 according to Coinmarketcap, a leading cryptocurrency analyst. The largest cryptocurrency has a market cap of over $122 Billion as the bulls tell the bears their time is over.
The entire cryptocurrency market is looking like it’s on the beginning of its recovery phase after experiencing a decline earlier this month. Bitcoin (BTC) dominance has fallen from 53.36% to 52.8%
The price for Bitcoin(BTC) came to $7,120 and overcame the $7000 resistance but also fell to a low of $6,866
At press time Bitcoin is up by 1.91% and the trend is looking bearish. Buyers should deal with the resistance at $7,120 and they might find a support above $7,100 and would eventually break the $7,200 mark.