Bitcoin struggling to hold $8,000 as weekend sees minor gains

08 Jun, 2019
by Ryan Boltman
Analysis
Bitcoin struggling to hold $8,000 as weekend sees minor gains

The crypto market saw minor gains on Saturday morning, with Bitcoin retesting $8,000 but struggling to hold above.

Bitcoin continues to test the $8,000 level as the market saw minimal gains on Saturday. Bitcoin is looking to break the $8,000 resistance and hold above that level for more upside momentum. However, it has struggled to retake those levels. 

BTC/USD Chart provided by Tradingview

The top 20 was a mix of green and red with the best performer being Ethereum Classic which is was up 7.27% while Tezos saw a 6.01% decline in price, Tezos was also the biggest loser in the top 100 with the 6.01% decline in price. Most of the top 10 didn't see moves bigger than 3% on the day. 

All eyes will be on the market come Sunday evening as the weekly candle closes for BTC and a better idea of whether to expect more bearish or bullish momentum is on the cards .

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Read more about: Bitcoin (BTC)

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