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BTC: Early Bias Indicates Bulls Remain Resolute

From coinpedia.org

The BTC/USD is holding within the tight range above cracked $55,000 zone in early Monday’s trading as bears take a breather after failure to register weekly close below this support. Initial signs of bear-trap formation and early bias indicate BTC bulls remain resolute beyond $55k amid weakness which supports the idea of limited correction. Sustained trading towards mid $57,000 will signal extension of rebound from $50,305 (Mar. 25 lows). On the day, BTC/USD is hovering around $57,250 after establishing mild support beneath price. April has historically been the most bullish month for Bitcoin with an average of 51% ... (full story)

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  • Category: Technical Analysis