Bitcoin Price Watch – BTC/USD Holds Ground, Testing Resistance At $7,500

Bitcoin Price Watch

Bitcoin Price Watch: Bitcoin price stabilized around the $7,450 mark during the early hours of Friday. The current price represents a decline of more than 50% from its December 2017 highs. The cryptocurrency has been trading around this level throughout most of the week, finally settling down after weeks of gradual decline.

However, the market may be due for a reversal. Yesterday, Dan Morehead, founder of Pantera Capital Management, said in an interview with CNBC that “Bitcoin may have reached its bottom this year, so now is a good time to buy,” Morehead continued: “As a …

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