Bitcoin Price Strongly Rejected at $6,000 After 15% Spike

Despite it being a weekend, volatility has persisted in the Bitcoin market. After falling as low as $5,000 today, the cryptocurrency spiked 15% in minutes, rallying to $5,950 from $5,150 in an hour’s time. Unfortunately, BTC was unable to hold its gains, seeing a strong rejection at $6,000 to fall to $5,400 as of the time of writing this.
As reported by NewsBTC, all analysts are keeping their eyes on the charts, as Bitcoin is on the verge of closing under the ever-important 200-week simple