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Is the Bitcoin Rally Now in Jeopardy? Why Traders Are Aiming $4,600

From newsbtc.com

The large upwards momentum that Bitcoin incurred over the past couple of weeks appears to have petered out as BTC has failed to advance past $5,400 since surging from lows of roughly $4,000 last month. Despite the dwindling momentum, the rally that brought the enduring “Crypto Winter” to an end may not be over yet, as analysts believe that Bitcoin may be able to surge well into the $6,000 region in the near future as long as it is able to advance higher within the $5,000 region. Bitcoin (BTC) Advances Past $5,200 At the time of writing Bitcoin is trading up 2.4% at its current price of $5,220, up from its 24-hour ... (full story)

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  • Category: Technical Analysis