Cautiously Bullish? $6,000 in Play as Bitcoin Price Stages Sharp Recovery

Cautiously Bullish? $6,000 in Play as Bitcoin Price Stages Sharp Recovery

Having witnessed a solid recovery from the low of $5,100 in the last 24 hours, bitcoin is once again trading on the front foot and looking northwards. At press time, the bitcoin-US dollar ( BTC/USD ) exchange rate was roughly $5,700. As per CoinMarketCap, the cryptocurrency has gained 6.47 percent in the last 24 hours. Week-on-week, BTC is up 4.77 percent, and on a monthly basis, it is carrying 45.7 percent gains. So, is the bitcoin price eyeing $6,000? Strong dip demand would seem to suggest so. The drop to $5,100 witnessed yesterday turned out to be healthy correction […]