Bitcoin Bounces Off $74K Resistance As Bulls Pile Into BTC,...
Charts suggest Bitcoin may remain range-bound, with $74,000 being the toughest resistance to overcome. Will altcoins drop their recent gains or continue to find buyers?
Charts suggest Bitcoin may remain range-bound, with $74,000 being the toughest resistance to overcome. Will altcoins drop their recent gains or continue to find buyers?
Analysts believe that Bitcoin might witness strong moves, causing another round of forced liquidations.
Bitcoin and several major altcoins sold off right at their overhead resistance levels, indicating that the bears remain sellers on rallies.
Bulls reclaimed control of the crypto markets on Wednesday as BTC soared above $69,000 and several altcoins made double-digit gains.
Bitcoin and altcoins showed strength in the US session, but technical charts suggest the bears may continue to exert pressure near the intraday highs.
Bitcoin price lows in the $50,000 range could become reality if the critical $65,000 support gives way. Technical charts also forecast bearish outcomes for most altcoins.
Technical charts suggest the crypto market’s relief rally may hold, especially if Bitcoin bulls succeed in flipping $70,000 back to support.
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