BTC/USD Price Levels
Bitcoin surged past $8,400 on Sunday for the first time since Mar. 25, extending its five-day rally to 20%. It would later consolidate at $8,280 per coin for a gain of 4.6% and a total market cap of $140 billion.
With the gain, bitcoin has rebounded nearly 30% from the Apr. 1 swing low, which had threatened a major bearish reversal. An RSI of 63 implies strong momentum and price action is also strengthening, as evidenced by the bullish crossover in the moving averages.