The BTC markets have rallied to test resistance at the $ 10,000 area. Despite gaining 60% in just four weeks, BTC’s recent gains have been significantly overshadowed by those produced by many top performing cryptocurrency markets, including Bitcoin Cash – which has gained more than 225% since it’s early April lows.
BTC Markets Produce Four Consecutive Green Weekly Candles
The price of BTC has continued to make consistent gains, bouncing by almost 60% from the recent low of roughly $ 6,400 to the current prices of $ 9,600. When measuring the bounce in relation to the bear trend of early-2018, we can see that the price of BTC appears to be trying to consolidate at the 0.236% retracement area.