UPDATE ON BITCOIN ANALYSIS
Bitcoin has been holding steady in recent week after its plummet in January and February due to a lot of controversy and division over bitcoin in the government and banking sector all around the world.The value have shifted widely after reaching a record of $19,850 with frequent drop and recovery
Continuous rise of bitcoin last year has increase awareness and amount of interest in digital currency which led to increase in value of coins like ethereum, and litcoin. More and more people are now looking at investing in digital currency ,Though there is still a lot of doubt surrounding digital currency due to the drop or fall of bitcoin also due to the fact that various financial expert are advising people to avoid bitcoin and most importantly to be weary of scammers.
At the time of writing bitcoin is currently holding on $9151.43 and it started the week at retested Friday low price at $8300,from that low bitcoin witness a string buying pressurethat has engulfed opening buying price of yesterday and closing price of last week ,from the observation bitcoin is trading at almost $9500 and another sharp run may take bitcoin to another level by next week but it is likely to hit another resistance at $12000, so in the end bitcoin value is rising again and other coins too