Bitcoin Price Gears Up For Another Rally After Testing $25,000

Bitcoin Price Gears Up For Another Rally After Testing $25,000

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Bitcoin Price Gears Up For Another Rally After Testing $25,000

NewsBTC2 months ago
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Published on August 15, 2022 17:00 GMT+00:00edited on August 16, 2022 03:09 GMT+00:00

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Bitcoin price has been bouncing up and down over the last couple of weeks, but the digital asset has finally found its direction. With this recent recovery, the price of bitcoin has made its way to sit comfortably above $24,000 presently. The digital asset had tested one of the most coveted spots on Sunday but had sadly been rejected. That has not stopped it, though, as bitcoin is gearing up for another rally towards $25,000.

$25,000 For Bitcoin Price

After touching $25,000 on Sunday, the bitcoin price had taken a swift beating down. This led to an inevitable slump below $24,000 but would prove to only last for a short time. After being pushed back down, bitcoin was able to find support just below $24,000 and used that as a bounce-off point to regain strength above the technical level.