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Bitcoin hits the resistance but does not give up

Market Picture Bitcoin's rally accelerated late Wednesday after hitting $29K but ran into strong resistance as it approached $30K (the level passed on some exchanges). The inability to break above this level triggered a massive wave of capitulation. It quickly, but not for long, pushed the price back to $27K, the price at the start of the week. By Thursday morning, buying prevailed again, returning the price to $29K.Despite the wide intraday swings, the broader market picture is still very bulli... Read More

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Content Topics

Bitcoin

Hits

Resistance

Does

Give

Forex

Posted: Apr 27 2023, 08:13

Author Name: forexlive

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