Khaberni - Digital currency "Bitcoin" started its trading on Saturday with a kind of relative stability, having successfully climbed back over the $84,000 threshold.
The largest global cryptocurrency recorded a price of $84,011.0, achieving positive gains of approximately $1,138.8, an increase of 1.37%, in an attempt to heal the market's wounds after the violent fluctuations witnessed in the global markets yesterday.
According to trading data, the price entered a phase of "price consolidation" within a narrow range moving between a low of $83,797.5 and a peak of $84,240.8.
This quiet fluctuation reflects a decrease in the intensity of hysterical selling pressures (Panic Selling) that affected precious metals and digital currencies on Friday, where the price is currently moving in the upper half of its annual range extending between $49,486.9 as a low and $126,186.0 as a historical peak.
Economic experts believe that Bitcoin's resilience above the psychological support level of $83,000 is a positive signal for speculators, as the market tries to build a solid foundation that prevents sliding towards the $80,000 levels.
This calmness is also attributed to the anticipation of the political climate in Washington, especially with reports about new appointments for the chairmanship of the U.S. Federal Reserve, which could redefine the course of the dollar and consequently digital assets.
In a comment from the analysts, Bitcoin’s behavior today was described as "mature" after major liquidation operations; as the sideways trading allows market makers the opportunity to accumulate liquidity.
The real test remains in the currency's ability to break through the $84,500 resistance to return to its upward trajectory, while the continuation of anticipation during the coming hours is expected away from noisy fluctuations, as long as no unanticipated geopolitical surprises occur.
