After a period of high volatility, Bitcoin experienced a moment of stability over the weekend, maintaining a value above $98,000. As of now, BTC is priced at $97,856.72, showing a 0.1% increase in the last 24 hours.
In contrast, other altcoins like ADA, DOGE, and AVAX have exhibited a more stable performance despite the previous week’s turmoil.
At the beginning of the week, Bitcoin faced difficulties in staying above the $94,000 mark. With significant resistance lost, the cryptocurrency saw a sharp drop to $91,300, marking its lowest value of the month. This downward movement prompted speculation of a possible decline below $90,000.
However, contrary to expectations, the Bitcoin market displayed resilience. Experts indicate that many anticipated the correction to continue, pushing BTC below $90,000. However, the bulls intercepted the movement and prevented further pullbacks. Bitcoin made a remarkable recovery, reaching $99,000 on Friday, but faced new resistance that pushed it back into the $98,000 range.
During the weekend, Bitcoin remained within a relatively narrow price range but concluded the period with a 3.3% weekly increase. This performance not only reflects Bitcoin’s own recovery but also signifies a trend of stability in the overall cryptocurrency market.