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Bullishness for Bitcoin continues despite its struggle to reclaim $60,000

Published 03/19/2021, 06:15 PM
Updated 03/21/2021, 08:40 PM
Bullishness for Bitcoin continues despite its struggle to reclaim $60,000
BTC/USD
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BTC/USDT
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BTC/USD
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Bitcoin (BTC) continued to face strong resistance at the $60,000 level on March 19 as bulls spent the day climbing back from an early morning drop which briefly pushed BTC into the sub-$56,500 range.

Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of Bitcoin hit a low of $56,268 in the early hours on Friday before dip buyers returned to help lift the price back above $58,500.

BTC/USDT 4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360
BTC/USD daily chart. Source: Coin360

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