Bitcoin Price: BTC Extends Rally On Strong Momentum, Now What?


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Bitcoin price is going up again on Wednesday, extending Tuesday’s monster rally of over 15%. Early Tuesday morning, BTC ballooned to about $5,080, breaking its long-term resistance level of $4,200. For months now since its infamous crash last year, BTC has struggled to surpass the $4,200 mark, and this begs the question as to whether the cryptocurrency pack leader is en route to its former glory.

At the time of writing, Bitcoin price is trading at $5,060, up 4.86%.

Is It a Steady Rally?

It is not clear what might have triggered the 15% …

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