Bitcoin rebounds to $56,000 but resistance looms
Bitcoin with its second spike higher in three days
The ebb and flow of bitcoin is a wild ride. It's spiked above $56,000 from $54,000 in the past hour. We saw a similar spike earlier this week that was sold hard.
It would be positive if prices could get above that weekly spike, which topped out just shy of $56,500. Beyond that are a series of highs stretching to $57,500 that could pose a technical challenge.