Bitcoin finally initiated a leg up that culminated in a price jump towards $20,000 but was stopped in its tracks as with previous attempts.
Last week, the most substantial price movement came when BTC was rejected at $19,500, and the bears took it south to $18,600. This became the lowest price point in about nine days.
However, the asset reacted well to this drop and bounced off to over $19,000. As the weekend came, BTC calmed again, similar to the previous one. The lack of significant trading volumes meant little-to-no movements during the entire weekend, and bitcoin stood at $19,000.
The landscape started to change early Monday when BTC pumped to $19,600 for the first time in days. However, the scenario repeated once more – meaning a new rejection that pushed it back to just over $19,000.
Its market capitalization has touched $370 billion, and its dominance over the altcoins has remained at 39.9%, just like yesterday.