The rebound in bitcoin’s price from the recent low of $2,980 has stalled, raising doubts as to whether the rally will continue.
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The bitcoin price is showing new signs of life – even while it appears to have entered a period of sideways trading after last week’s crash.
Bitcoin Core’s latest software includes optimizations designed to boost SegWit, a scaling upgrade that’s still slowly rolling out across the network.
The price of bitcoin continued to recover into Monday as consolidation in pricing helped the cryptocurrency recovery Friday’s steep losses.
Bitcoin’s price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.
With news from China sending the bitcoin markets tumbling, technical analysis suggests key price indicators could determine when the selling will end.
Cryptocurrency markets are down today following new developments out of China’s bitcoin exchange ecosystem.
Bitcoin prices are back above $3,500, but will they stay? Technical analysis suggests rangebound trading may be on the way.
All else equal, the market may take less time to recover from the latest sell-off than from the one that took place in December 2013.