The Bitcoin returns above the 8,000 USD on Wednesday, with a peak to 8170 USD consecutive to a rapid rally bullish around 6 AM GMT.
Recall that last night, it is a downward movement of a similar magnitude that surprised the traders on the BTC / USD (BitfinexUSD).
As is often the case with cryptocurrencies, it is difficult to detect the tangible and fundamental reasons for these variations, but for now, the BTC / USD is consolidating its gains.
The technical analysis, however, provides some short-term elements, including resistance that seems to be emerging in the area of 8150 USD, which corresponds to the heights of yesterday and today.
It will also be interesting to keep in mind the low marked last night to 7830 USD on Bitcoin in case of return of the decline.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
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