Bitcoin failed to close out the day in positive territory on Saturday, despite the news wires being on the quieter side, leaving the rest of the day for the bulls to deliver another weekend rally. Regulatory uncertainty will be an issue ahead of the new week for investors to consider.
The day’s high failed to break through the first major resistance level of $9,161.65, as investors locked in gains that led to Bitcoin falling to an intraday low $8,505, before a slight recovery to $8,541.96. The day’s 4.22% fall, reversed Friday’s 2.64% gain, with the bearish trend formed from Wednesday’s swing hi $9,188.1 resuming.
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