Tag: swim

Sink or swim at $27K? 5 things to know in Bitcoin this week

coiner

Bitcoin (BTC) is fighting for the bull trend as the new week begins with the market acting within a crucial zone. After closing the weekly candle at just below $27,000, BTC/USD is attempting to cement support as a stubborn trading zone holds. The stakes are already high, with last week seeing a flash dip below $26,000 and two-month lows for Bitcoin, making traders fearful of a larger bearish breakdown to come. While this has not materialized, nerves remain on both shorter and longer timeframes. Where is price action likely headed…

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