Bitcoin gained about $2,000 from its all-time low on Tuesday, making up a portion of the misfortunes it supported from 2018's January correction.
As of press time, bitcoin was exchanging around $7,595, in the wake of hitting a low of $5,947 barely 12 hours back. The world's biggest digital money by showcase top opened at just shy of $7,000 on the day, however, hit a day by day high of $7,763. The coin first fell past that level Monday on its approach to $6,000.
By and large, Bitcoin still can't seem to make up a noteworthy bit of the more than $10,000 it lost since achieving its unsurpassed high of more than $19,000 in December, or even the $17,000 it tumbled from in mid-January. In any case, Bitcoin's expansion mirrors the general digital currency advertise top, which hopped almost $100 billion out of 10 hours. What's more is that each of the top 100 altcoins are in the green today (Greeny Tuesday), in the wake of seeing decays for almost a month.
Looking at the current price of Bitcoin $7600 at 5.00PM CST, it has a good resistance at this price. But, I believe the whales will play for a while by taking profits and prices may fall back to $6000 level. The Cup and Handle pattern seems to be tending towards the Bitcoin price flow. I am not a financial advisor, just my suggestion. Looking forward to a great Bitcoin and altcoin's future.
Would love to hear your views.