Bitcoin price has stood up well over the weekend. After the initial buzz from a massive 25% pump dissipated, Bitcoin did proceed to breach the USD 9,000 support line, creating a low of USD 8,906, but then it has since recovered from the 10% traceback and is now trading around USD 9,480 just before London noon time 11:15 am UTC (CoinDesk).

So far, the weekend spirits are high, although consecutive days of Asian time profit taking will be a slight dampener, so we should pay attention to what happens in a few hours time in North America. If the American traders push prices higher, it would be too tempting for Asian traders not to take advantage on Monday morning. Then again, if prices dip even further, Japan and China might seeks to cut short-term losses and let go of positions to book in more modest profits.

Bitcoin price soars to $9,600