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Bitcoin Bounces Back From Monday's Dip


Bitcoin managed to reclaim the losses incurred during Monday's dip, and traded above last week's support zone.

The virtual currency continued to shy away from touching the psychological $4000 mark after rising to the recent highest price of $4,168.

On Monday, BTC had suffered a quick fall by $100, only to see recovery to $3800 and above within a day.

From a low of 3684 on Monday, the leading cryptocurrency by market capitalization improved its value by 4 percent, or $148, by Wednesday.

As of writing, BTC is changing hands at $3,838 on Coinbase.

Within the past 30 days, BTC price increased by $437.43, or 12.83 percent. And it is $41.30, or 1.09 percent higher than it was a week ago.

Currently, BTC is testing resistance at last week's support range of $3,900.

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