Bitcoin (BTC) continues to show significant strength following last month’s flash crash to $3,700 at the onset of the coronavirus pandemic.
Since that time BTC is up more than 130%, with Wednesday’s breakout seeing the leading digital currency surge to $9,500 before pulling back to $8,750.
The majority of altcoins have also done well during this latest rally, with Ethereum (ETH) reclaiming the $200 level and trading as high as $220 during Wednesday’s run-up.
Moving forward, BTC will have significant resistance in the low $9,000 range as bears look to hold their ground amidst the countdown to the upcoming mining reward halvening.
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.