View full page at cryptocraft.com

 

Bitcoin recrosses $71,000 but level acting as “resistance rather than a launchpad”

From sherwood.news

Bitcoin is showing signs of stabilization amid the Middle East conflict, crossing $70,000 on Monday following President Trump’s comments that the war would end soon. Overall, sentiment remains cautious, as any further geopolitical or macro surprises could hamper bitcoin’s fragile momentum. Early on Tuesday, the asset crossed $71,000 but has since dipped. Stephen Wundke, strategy and revenue director at Algoz, said, “If this is a recovery, it is a fragile one.” “Until $71K is held with follow-through, this level acts as resistance rather than a launchpad,” Nicolai Søndergaard, a research analyst at Nansen, told ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis