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BTC/USD: Stalls at a Key Resistance Level

From dailyforex.com

Bitcoin price retreated after hitting a crucial resistance level as the recent rally lost momentum. The BTC/USD pair retreated to 92,500, down from the key resistance level at 94,645. Wall Street is Still Bullish on Bitcoin The BTC/USD pair retreated even as American companies remained optimistic about the industry. In a statement, Morgan Stanley confirmed that it was launching two ETFs tracking Bitcoin and Solana, a sign that the company sees the industry doing well. It joins other companies like BlackRock and Franklin Templeton that have launched such funds. Vanguard, the second-biggest asset manager has started ... (full story)

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  • Category: Technical Analysis