Bitcoin Could “Nuke” Lower Because of This One Resistance Level

Following yesterday’s turbulence, Bitcoin has been able to firmly recapture the support that it had previously established at $6,800, with its recent rebound from lows of $6,600 pointing to some underlying strength amongst the crypto’s bulls. Although the climb past this level has certainly been a positive near-term sign for BTC, it is imperative to keep in mind that the crypto still remains beneath multiple key resistance levels that could continue suppressing its price action. […]

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Author: toutiao