Bitcoin‘s Market Structure Showing Similarities to 2020 Top

Throughout the past day Bitcoin has faced multiple rejections at $7,200, with this further confirming that the resistance established within the lower-$7,000 has not degraded despite bull’s recent strength. If buyers continue struggling to surmount this level, another rejection here could tip the scales back into bears favor, potentially leading the crypto significantly lower. This comes as BTC’s market structure flashes some similarities to its 2020 top, signaling that it could see significantly further losses […]
Bitcoinist.com

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Author: toutiao