Bitcoin Price Attempts Recovery But Here’s Why Its Path Is Fill With Challenges
Bitcoin price is slowly moving higher above $26,000. BTC is showing signs of recovery but is still struggling to clear the $26,500 resistance zone. Bitcoin is up 2% and trading above the $26,000 resistance zone. The price is trading well above $26,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $25,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $26,500 and $26,750 resistance levels. Bitcoin Price Avoids Downside Break Bitcoin price managed to stay above the $25,350....
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As of June 28, the bitcoin price fluctuated slightly above the $20K mark. However, toward the end of the day, it eventually dropped to $20K. The market watch also noted the bearish state in the price of most altcoins. These include DOGE, AVAX, SOL, and many others. Drawing from June 29 data, Bitcoin’s price has finally plunged below the $20K mark. Many renowned cryptos like the Ethereum, Shiba Inu, and Doge tokens also feel the heat of the bearish turn in the market. Bitcoin Lost The $20,000 Price Mark According to the news last week, Bitcoin made several attempts to come off the....