The price of bitcoin climbed over 10% in 24 hours, previously trading at $ 6,569.17.
Other digital coins, including ethereum and XRP, were also higher.
Market capitalization – or the entire value of the cryptocurrency market – rose over $ 14 billion in 24 hours at 11:47 pm Singapore time to reach $ 182.62 billion.
The cryptocurrency market suffered a strong upturn earlier this month after many people withdrew their investments due to the pandemic.
If BTC/USD surpasses the resistance at 6890, it may wait for a retest and entry into LONG after repulsion from the level.
In the event of an unsuccessful breakthrough, in the resistance zone, when a pinbar or sword-absorbing candle is formed, we will have a good chance of SHORT.
BTC/USD chart at 4h
Trader Georgi Bozhidarov