Bitcoin Price Rebound

Bitcoin Price Rebound: This morning, BTC bounced back above $8,000, peaking at $8,582.93. It was able to test a previously established resistance level of $7,200; in fact, this price is very close to BTC’s lowest point today.

More Upside For BTC?

As the chart below shows, BTC is slowly moving back up following almost a month of declines. Earlier today, a major bullish trend was formed around market open and took BTC price to its daily high of $8,582.93.

The price drop that occurred afterward was small in scale compared with those that occurred …

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