Following yesterday's drop in price, bitcoin stabilized during Thursday's session, as prices hovered marginally below $21,000. Bulls are attempting to take BTC back towards this resistance level, which was broken as a result of Wednesday's sell-off.

Bitcoin

BTC was trading marginally below $21,000 on Thursday, as prices slightly rebounded following declines on hump day.

Following Wednesday's low of $19,848.08, BTC/USD rose to an intraday high of $20,835.75, earlier in today's session.

This move comes as bulls seem set to once again break out of the current resistance at $21,100, which has been in place for the last week.

BTC/USD – Daily Chart