Bitcoin Loses Technical Integrity as Multiple Bearish Factors Emerge

Bitcoin is now in the process of recapturing the $7,000 region following a continued defense of the support at $6,800 Despite its climb, BTC is flashing multiple bearish technical signs that suggest its strength is degrading One analyst targeting a movement into the $5,000 region. After an extended period of range-bound trading beneath $7,000, Bitcoin is attempting to claw its way back into this region as it tests its newly formed resistance. In spite of […]
Bitcoinist.com

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Author: toutiao