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Bitcoin Price Prediction: Failure to Retest $108k Triggers Profit Booking, But Upside Traction Remains
Bitcoin price’s failure to break the $108k resistance has resulted in a sour sentiment, sending it to the $106k territory on Friday. The coin traded at $106,888 at the time of writing, down by $60 from its level 24 hours earlier. The coin is on course to register its second successive loss for the first time in five days, with buyers taming their appetite as the Federal Reserve is expected to keep interest rates unchanged for longer. Despite its recent downturn, the downward momentum on the crypto market bellwether is likely to be limited in the near-term, with the daily RSI is at 54 as of this writing. In ... (full story)