Bitcoin ATH Tests $1700 Resistance

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Bitcoin Price at $1700

Bitcoin's Price is rallying through its ATH with gusto at $1731.30 as seen on the Bitstamp exchange. This is due to high volumes being witnessed from May 4th, 2017 and little to no volatility leading to the breakthrough of the $1600 price this week.

Looks like the bulls have this one in their sights, as the price continues to test the $1700 resistance line. Meanwhile, the overall market capitalization of bitcoin hit $29.1 Billion a 7.01% rise according to CoinMarketCap. Traders in the market are decisively bullish.

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