Bitcoin is going again, reaching $19,000 for the first time since Dec. 7.
What Happened: Bitcoin has surpassed the $19,000 mark after it went down on Dec. 7 and bottomed at $17,600 on Dec. 11.
It was trading at $19,137.25 as of Sunday morning, Eastern Standard Time, according to data platform CoinMarketCap. That was a gain of 4.17% over the previous 24 hours.
This is leading some followers to claim it has surpassed a key resistance mark and will go upwards from there.
Why It Matters: Analysts have been weighing in about the bottom and the future of the leading cryptocurrency.
Edward Morra, a technical analyst quoted by leading crypto publication Cointelegraph, believes $17,600 is the bottom, based on heatmaps and the number of orders.