Bitcoin has been hovering around the $28,000 level for the past few days. A consolidation after a strong rally is a positive sign as it shows that traders are holding on to their position, expecting a further up-move.
The latest data revealed that it was up by roughly 96% at its $1.06 press time price. Most of those gains occurred during the week and the coin continued on the same bullish trajectory on Friday. It was up by roughly 17% in the last 24 hours at press time.