Last week has been a shocker for Bitcoin prices as Bitcoin started the week with a grand opening, but in the next few days, the price went so low that it felt like Bitcoin was planning to test the $8,000-$8,500 support levels.
Just when people had lost hope with this week as well, Bitcoin shot up and started the week with a bang by almost touching the $10,500 mark for trading today. A fall of the Bitcoin price in 4 figures always leads to a bounce-back as there are a lot of bulls in the market that aim for this price range and provide a push to the price.
The crypto Twitter world also couldn’t help but notice this change and react to it.
This is how bears die pic.twitter.com/1W3EGz5p9p
— Alex Krüger (@krugermacro) August 26, 2019
The price chart has been full of waves this month with Bitcoin reaching the month’s high of almost $11,000 and coming as low as $9,000. The question here arises what’s next for Bitcoin now.
The pattern today suggests that Bitcoin can close the day with a steady rise, but it is facing strong resistance at $10,600 level, but it’s a fluctuating market so we can never be sure of anything. As usual, there have been minimal changes in the altcoins, and even the leading altcoins are facing problems at being completely useful.
