After a troublesome first half, it has been a slow but steady week of progress for Bitcoin so far.
Having bounced back strongly from a sudden dip on Monday, bitcoin was expected to make a quick move toward the psychological hurdle of $4,000, but it hovers below a newfound resistance of $3,900.
Although the leading cryptocurrency by market capitalization did not gain much in the past week, a recovery within one day after a quick fall by $100 Monday provided great relief to the Bitcon market.
From a recent low of $3684 on Monday, Bitcoin improved its value by 4 percent, or $148, by Wednesday.
For the rest of the week Bitcoin changed hands between $3800 and $3900.
So far in Friday’s trade, BTC has touched a 12-day high of $3,903.
When compared to the previous week, Bitcoin is in a marginally higher level of progress on both the monthly and weekly charts.
Within the past 30 days, BTC price increased by $513, or 15.25 percent. And it is $76, or nearly 2 percent higher than it was a week ago.
As of writing this article, BTC is trading at $3,890 on Coinbase.
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