Bitcoin Price Rises Above $4,300 as Market Momentum Picks up Again

eople who are still keeping a close eye on the Bitcoin price will be pretty pleased with the way things are going right now. Three days of solid growth in a row is pretty unusual in the cryptocurrency world, but things are showing signs of more potential. Whether or not we will see the Bitcoin price surpass $4,500 later today, remains highly unlikely, but we have surpassed the $4,300 already.
More Positive Bitcoin Price Momentum

While most weekends are pretty horrible periods for the Bitcoin price in general. In virtually every case, we will see small to major price declines over the course of the weekend, which are then regained during the coming days. This weekend has proven to be a rather unusual one, for a change, as we have another 0.81% gain on our hands over the past 24 hours. This is rather uncommon for a Sunday, although the actual value difference is almost negligible for the time being.

That being said, we now have a Bitcoin price of over $4,300 again. It has been a while since we have last seen this value, which makes this rebound all the more important. The road to $4,500 or more is filled with roadblocks, but for now, no major assistance has been encountered. That doesn’t mean we won’t see a Bitcoin price retrace in the coming days, though, but for now, things are looking pretty positive overall.

Moreover, the current Bitcoin price momentum is realized with a rather low trading volume. Although most altcoins would give an arm and a leg for $1.156bn in 24-hour trading volume, it is rather poor where Bitcoin is concerned. Compared to last Sunday, the volume is about $200m higher, though, which indicates there is a growing demand for Bitcoin. Whether or not this means people want to buy or sell, remains to be seen. For now, the momentum is positive, but things can change at any given time.