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Bitcoin Struggling to Break $10,000, But Is Bearish Bias Warranted?

cointelegraph.com

Price rallied above the previous resistance while failing to establish support above the $10,100 level. As the liquidity is already taken above the $10,000 level, a renewed test of this resistance zone should lead to a continuation upwards.

Given that the charts are still providing a CME gap at $11,500, confluent with a horizontal resistance level, it’s likely to expect a rally towards $11,500 as the next resistance zone. If the price of Bitcoin drops below the green zone, a bearish retest and confirmation of resistance will trigger continuation further downwards.

Read in Full: cointelegraph.com
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Bitcoin Bitcoin
70430.4000 -0.73%
Ethereum Ethereum
3552.64000 -0.77%
BNB BNB
619.401000 5.74%
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188.154000 1.19%
XRP XRP
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