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Streaming tokens surge as Bitcoin price drops to the $54,000 support

Published 03/22/2021, 06:02 PM
Updated 03/23/2021, 08:20 PM
Streaming tokens surge as Bitcoin price drops to the $54,000 support
BTC/USDT
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BTC/USD
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Bitcoin (BTC) bulls faced strong headwinds on March 22 that quickly dampened any attempt at a breakout above the $58,000 level despite comments from United States Federal Reserve Chair Jerome Powell which called the top cryptocurrency a “substitute for gold.”

Data from Cointelegraph Markets and TradingView show that traders made several attempts to push BTC above $58,000 over the past two days only to be rejected, with Monday’s failure resulting in a pullback to the $54,000 support level.

BTC/USDT 4-hour chart. Source: TradingView
THETA/USDT vs. TFUEL/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. AUDIO price. Source: Cointelegraph Markets Pro
Daily cryptocurrency market performance. Source: Coin360

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