At press time, the most well-known and largest cryptocurrency is still trading in the $ 6,300 range. This is exactly where it stood yesterday and the day before, suggesting that bitcoin has found some sort of “comfort” where it is and is refusing to move up or down.
According to one source, the currency did experience a small breakout during the early morning hours of Sunday, August 12, though it was unable to deal with present resistance levels and immediately fell backwards shortly after. However, the currency also hit a new low in the $ 6,100 range before spiking up again to $ 6,300. The path has been paved for the bulls to rush in and take over; they just need to grab the reins. Current resistance is presently leveled at roughly $ 6,500.