Bitcoin rebounds 3% as it makes a stand ahead of $6000 in big week ahead for crypto

Author: Adam Button | Category: News

The technical battle will be the story today

Bitcoin fell on Saturday but has recouped most of the losses today and sits just below its level from Friday and is trading at $6392.

It's going to be a very interesting week in crypto. I think last week's volatility awoke some of the animal spirits on both sides and now with a major technical support zone in play, I think there's going to be a another week of big moves.

The bias is to the downside after successively smaller bounces from there but it's tradeable on both sides. A rebound just to $7000 is more than a 10% bounce.

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