Bitcoin continued to trade above $100,000 on Jan. 7 after a choppy Wall Street trading session. Where will its price go next?
Cryptocurrencies soared on Monday as Bitcoin reclaimed the $100K milestone again. The bellwether crypto changed hands at $101,830 during this publication.
A technical correction and reversal is close to being complete and could trigger a full-blown bullish move, some traders say.
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After weeks of volatility, the price of bitcoin rose above $100,000 on Monday for the first time since Dec. 19.
Data from Cointelegraph Markets Pro and TradingView showed a snap spike taking BTC/USD to nearly $101,506 on Bitstamp.