The king coin traded at $23,749 at present time, which represents a 14% upside from the lows of 27 July. It also represents a slight pullback from its 24-hour high of $24,442 after retesting the ascending resistance line.

Despite the upside, BTC remained within the neutral zone, hence there is still room for its price to recover and potentially cross the $25,000 price level.

The market is still bullish in the short term as major altcoins and cryptocurrencies bounce back from recent losses. The total market cap is at $1.09T, a 2.66% increase over the last day.