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BTCUSD pauses pullback but still under pressure
BTCUSD (Bitcoin) experienced a strong pullback following its repeated inability to conquer the 71,750 hurdle. Although the price seems to be finding its footing in the last couple of sessions supported by a short-term ascending trendline, near-term risks remain tilted to the downside. If bearish pressures persist, Bitcoin could revisit its recent support of 64,500. Further declines could then cease at the March deflection point of 60,760. Even lower, the March bottom of 59,313 may act as the next line of defence. Alternatively, should the price move higher after its recent bounce, the March support of 68,300 could ... (full story)
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- Posted: Apr 4, 2024 6:51am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 240
