Bullishness for Bitcoin continues despite its struggle to reclaim $60,000
Bitcoin dazzled us all last Saturday with a dramatic surge to new all-time highs at $61,683.86. But the market spent little time in record territory, with a sharp pullback taking prices to lows of $53,555.03 by Tuesday. Although BTC has recovered to some extent, it is now facing strong resistance at the $60,000 level.
CrossTower head of trading Chad Steinglass said some resistance is to be expected, and once these levels are surpassed, they become support. He added: It will take a bit of chipping away to break through $60,000 with any kind of authority.
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