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Bitcion Fails To Sustain After Crossing $4000

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A solid break above $4000 remained elusive for the second consecutive week as Bitcoin price could not sustain long after crossing the psychological mark twice this week.

After changing hands between 3940 and 4000, the virtual currency briefly broke the $4000 barrier on Tuesday. That was for the first time in three weeks.

Thursday was dramatic. After rising to a recent high of $4039, the price plummeted suddenly by $87.

On Friday, in line with the usual trend seen these days, Bitcoin started climbing back again towards the $4000 mark, but at the time of writing this article, it is yet to recover from the levels lost yesterday.

However, on Thursday, when all the leading cryptocurrencies went down, Bitcoin resisted well, not dropping below $3900.

As of writing this article, BTC is trading at $3,991 on Coinbase.

The leading cryptocurrency by market value is in a better position on both monthly and weekly charts.

Bitcoin increased its value by $69.95, or 1.78 percent, compared to a month ago.

Within the past 7 days, BTC price has increased by $72.47, or 1.85 percent.

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