More importantly, bitcoin is trading well above the psychologically important $6,000 support. Defense of this level in the coming days could ensure that the scale does not tip in favor of the bears.
Beyond this point, BTC shows no immediate threat of re-testing last month’s swing low of around $5,760.
At last check, BTC/USD was hovering around $6,410, where it was virtually unchanged compared with 24 hours earlier.
Bitcoin Price Defends Critical Support Following Pullback; Bulls Eyeing Reversal
The Money Makers Club now has 6 of 15 available seats. Learn more here! Hopes of a bullish revival for bitcoin have not been lost in spite of the recent pullback, as the cryptocurrency continues to trade above a psychologically significant inflection point. The real test is whether bitcoin can maintain its holding pattern for […]
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