RATE Group | Bitcoin – A Positive Week Wiped Out as the Bitcoin Bears Fight Back
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Bitcoin – A Positive Week Wiped Out as the Bitcoin Bears Fight Back

03 Dec Bitcoin – A Positive Week Wiped Out as the Bitcoin Bears Fight Back

Posted at 04:39h in Bitcoin News by

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Bitcoin slipped by 1.61% on Sunday, partially reversing Saturday’s 5.02% rally, to end the day at $4,173.

In spite of the end of week loss, Bitcoin managed to hold onto positive territory for the week, gaining 2.05% to bring to end 3 consecutive weeks in the red that saw Bitcoin slide from $6,500 levels to a new swing lo $3,657.6, struck on 25th November.

A 10.86% rally on Wednesday did the trick, with Bitcoin seeing red in only 3 of the last 7 sessions.

On the day, it was a mixed bag for the majors, though skewed to the negative, with Bitcoin tracking the broader market through the morning, rising to an early morning intraday high $4,369.8, coming up short of the first major resistance level at $4,399.37 before hitting reverse.

Sliding through the morning, Bitcoin fell to a late morning intraday low $4,113.0 before steadying to recover to $4,200 levels. A late in the day reversal led to a pullback to $4,100 levels by the day’s end.

There was no material news released through…

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