Bitcoin’s price dip below $28,000 seems to be short-lived as the asset has spiked back above that level and even tapped $28,500 hours ago.
The weekly peak came on Wednesday when bitcoin spiked to just under $29,000. However, the bears intercepted the move and pushed the asset south. As such, BTC returned to around $28,000 and spent most of the next several days around that line.between $27,800 and $28,200. The latest dip to the former came yesterday. Nevertheless, BTC initiated a notable leg-up in the following hours, resulting in a brief jump to over $28,500.