Bitcoin Price Prediction: BTC starts regaining the ground to $60,000 as altcoins outperform

Bitcoin failed to rise above $60,000 earlier in the week, thwarting investor speculation. A robust barrier at$59,000 allowed overhead pressure to rise. Moreover, investors seeking to cash out for profit added weight to the selling pressure, whereby Bitcoin tumbled to $53,000. Meanwhile, support established at $55,000 gave the bulls a substantial boost, explaining the recovery

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Author: toutiao