Bitcoin managed to reclaim the losses incurred during Monday’s dip, and traded above last week’s support zone.
The virtual currency continued to shy away from touching the psychological $4000 mark after rising to the recent highest price of $4,168.
On Monday, BTC had suffered a quick fall by $100, only to see recovery to $3800 and above within a day.
From a low of 3684 on Monday, the leading cryptocurrency by market capitalization improved its value by 4 percent, or $148, by Wednesday.
As of writing, BTC is changing hands at $3,838 on Coinbase.
Within the past 30 days, BTC price increased by $437.43, or 12.83 percent. And it is $41.30, or 1.09 percent higher than it was a week ago.
Currently, BTC is testing resistance at last week’s support range of $3,900.
Source: Read Full Article