The Bitcoin is trading at $9,687 representing a loss in value in the last 24 hours of 0.87% and for today’s session loss of 1%. The two companies are underperforming versus Bitcoin at the moment the two companies are Ether and XRP. The second biggest cryptocurrency by market capitalisation, is facing the loss of 1.29% and XRP is facing a loss of 1.22% in the last 24 hours. But both the companies Ether and XRP outperformed Bitcoin in this week with ETH up a 9% over the last 7 days which is a notable percentage. Bitcoin continues to lose ground following a strong number of weeks for altcoins and its dominance remains at 65%.
This is a weekly chart which shows BTC/USD at the peak of its third attempt to push the price action back across the dollar 10,000 which can be handle after a period of lower lows. $10,500 is the price point at which Bitcoin has been enable to close above on the weekly chart and it is generally a level Bitcoin has struggled to sustain.
Bitcoin’s price remains in a state of being bullish at resistance but has failed to find volume to break the major resistance of $10,500.