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3 reasons why Bitcoin is on shaky ground after failing to retake $60K
Altcoins are outsmarting Bitcoin bulls and on-chain indicators aren't as green as they have been — are further support tests inbound?
Bitcoin (BTC) is back testing lower levels after failing to conquer $60,000 resistance — and indicators suggest the downturn is not over.
BTC/USD bounced off $55,000 overnight on Monday, hours after hitting local highs of nearly $59,000 in bullish early trading.
With sellers still in place closer to all-time highs of $64,500, the largest cryptocurrency has a lot of work to do to exit its current broad trading range.
...
https://cointelegraph.com/news/3-reasons...retake-60k
Altcoins are outsmarting Bitcoin bulls and on-chain indicators aren't as green as they have been — are further support tests inbound?
Bitcoin (BTC) is back testing lower levels after failing to conquer $60,000 resistance — and indicators suggest the downturn is not over.
BTC/USD bounced off $55,000 overnight on Monday, hours after hitting local highs of nearly $59,000 in bullish early trading.
With sellers still in place closer to all-time highs of $64,500, the largest cryptocurrency has a lot of work to do to exit its current broad trading range.
...
https://cointelegraph.com/news/3-reasons...retake-60k
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