Bitcoin's (BTC) price is struggling to break above the $39,000 resistance level. For the past 24 hours, buyers are still under pressure to clear the resistance at $39,000.
Bitcoin's (BTC) price retraces after a successful rally to a $37,500 high. Previously, the crypto had earlier fallen to $31,075 support after surviving the recent bearish run.
Yesterday, Bitcoin rebounded above the $45,000 support and rallied above the $50,000 high. Buyers are still struggling to push the price to the previous highs. In the previous price action, the bulls fail to break the resistance at $58,000.
Bitcoin price rallied and retested the $28,000 twice but failed to break the resistance convincingly. In the first retest, the crypto fell to $26,200 low.
The rapid digitization of the world caused many players from the traditional finance sector to explore and adopt innovative solutions including cryptocurrency. In its turn, it has brought enough good news to the market to take Bitcoin price to new highs.