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Bitcoin: After its latest weekly close, price levels crucial to BTC will be…
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The king coin, after fueling hopes of a Mooning November, has left the market reassessing the Bitcoin rally so far.
While the weekly close was still above the $60k-level, the overall trajectory has been disappointing. Especially since many remain under the impression that BTC will hit newer heights towards the end of Q4.
In fact, after exhibiting some subtle signs of recovery over the last two days, Bitcoin ultimately faced rejection at $60k twice. At the time of writing, it was trading at $57,516.
Now, even though the larger market was taken aback by the aforementioned price drawdown, it is to be kept in mind that the latest drawdown has lasted for just over twelve days. That isn’t too long a period if one zooms out to look at the larger
Read more on ambcrypto.comAbout this in other media
Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K cointelegraph.com /2 years ago
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Bitcoin hits 6-week lows in hours as 24-hour crypto liquidations near $650M cointelegraph.com /2 years ago
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