Bitcoin have continue to gear up more and more, as it has gone so down for some time now , Although the price of bitcoin has been fluctuating over the past few weeks, the virtual currency has now settled into one direction. With this most recent upswing, the price of bitcoin has risen to currently rest securely above $24,000. On Sunday, the digital asset attempted to take one of the most desired positions, but was regrettably denied. But despite that, bitcoin is preparing for another climb toward $25,000.
The price of bitcoin quickly dropped after reaching $25,000 on Sunday. This caused an expected decline below $24,000, but it would only endure a short while. Following a downward correction, bitcoin was able to find support slightly under $24,000 and utilized that as a springboard to rebuild strength above the technical level.
Even though it was falling, it was still able to maintain a significant distance above the 50-day moving average, maintaining the bullish trend. What this demonstrates is that bitcoin is still fighting at a price of $25,000 and is not yet ready to give up. On the contrary, it's predicted that Monday will see another attempt to break through this barrier level.