At press time, bitcoin has incurred a small rebound, and is now trading for roughly $7,500. This marks a $100 spike from yesterday’s price, though that, in turn, marked a $100 fall from 48 hours ago, when bitcoin had previously been trading for $7,500. Thus, while bitcoin’s new position is a move in the right direction, it’s hardly something to get super excited about. Previously, the currency had broken key support levels in the $7,000 range, but while the bears still have primary control, sentiment does suggest that this is only temporary, and that one uptrend is all that’s reallyPowered by WPeMatico
