Bitcoin has surged higher towards $4,386.80 level after bouncing off the $4,000 support level recently. It seems that the market has found confidence again after getting affected by the recent Initial Coin Offering cancellation and Bitcoin exchanges ban in China. Recently, as per news, South Korea has banned the Initial Coin Offering but this news could not quite shake up the market like the China did earlier and the gains were quite constant. The way the Cryptocurrency is showing strength by overcoming the recent obstacles and bans, it does clear one thing, Bitcoin has turned much strong and matured which will facilitate its further gains in the future. As per Bitcoin's founder the shocks that it absorbed recently made the Cryptocurrency much stronger in nature. Currently, the price is sitting at the edge of $4386.80 level where a daily close above the level will confirm the further bullish move towards $5,000 resistance area in the coming days. As the price remains above the dynamic level of 20 EMA and wider Kumo Cloud holding the price as support the bullish bias is expected to continue further.
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