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BTC/USD: Uptrend continues to favour buyers
While bears did indeed make an appearance last week and snap an eight-week winning streak, BTC/USD remains on track to record a third consecutive month in the green (MTD performance: +11.6%). In a market demonstrating uptrends on both the weekly and daily timeframes, the recent surge witnessed the major cryptocurrency reach $45,000, levels not seen since April 2022. Weekly resistance ahead: As aired in last week’s week ahead post, the biggest technical challenge for BTC/USD bulls remains the resistance zone between $48,565 and $46,112, comprises a horizontal base, a 1.272% Fibonacci projection ratio (an ... (full story)