Holding on to $9,200 after a weekend in the $9,100 range is the best traders could hope for in a weaker-than-normal market for bitcoin
. “After a brief consolidation in the region of $9,000, bitcoin
began to adjust upward,” said Constantin Kogan, partner at cryptocurrency fund of funds BitBull Capital. “Now it is near the next important level at $9,200. If today’s trading session closes above this mark, it is likely to see further growth.”
Any growth would be welcomed by cryptocurrency traders – so far this month, bitcoin’s overall performance in July has been flat.