Meanwhile, higher price lows from Jan. 23 have kept BTC anchored above $37,000 support in recent months. A series of higher price lows and strong overhead resistance, however, typically results in a breakout or breakdown in the direction of the prevailing trend. In this case, BTC’s downtrend could resume with higher volatility.
Related posts
-
Grayscale Unveils Plan to Transform Bitcoin, Ethereum Funds With Split Strategy
Grayscale Investments has announced plans for reverse share splits for its Grayscale Bitcoin Mini Trust ETF... -
Hive Digital Reports Slight Rise in Bitcoin Output Amidst Capacity Goals
Bitcoin miner Hive Digital reported modest growth in bitcoin production for October, while advancing its mining... -
Bitcoin (BTC) Price Tops $77K Record as Muted Funding Rates Suggest Crypto Rally Has More Room to Run
While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding...