Bitcoin is starting to show signs of recovering from the recent bear market, with the #1 cryptocurrency now resting along an intersection of overlapping support levels. 2 days ago we saw a visible decline in market sentiment as BTC fell sharply by $150 and the global crypto market capital slid by a further $6 billion. The sudden increase in selling could have been attributed to a whole host of factors, but for now it seems like the ‘digital gold’ will hold along the current support in the short-term.
Diving into the 1D BTC/USD chart we can see that the asset has thrown back onto the previous long-standing resistance and found a new support, after tumbling down from the freak bull run that occurred over 2 weeks ago. Right now BTC sits a...
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