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The 6000 defense level of Bitcoin has been bullishly defended in the last two days. There is optimism in the air but the performance, comparatively speaking, is not that strong for a crypto that has performed exceedingly well same time last year. There might arise some other bases for the Bitcoin’s performance.
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Bitcoin did recently fall below $6,000, but it’s not dead, and it was down last year around $2,500 in June, so it’s back up again today around $6,400. I would say though lately, that cryptocurrencies are in more of a bear market trend these days, but that could change I hope.
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