Bitcoin Breakout Meets 'Hard Reset,' and Global Liquidity Is to Blame
BTC when published $83,017Now $80,577 ▼ −2.94% since it was published
Bitcoin's price has settled within a narrow $82,900–$83,000 range, coming close to a psychologically important support level. After a strong autumn rally, the cryptocurrency has entered a phase that technical analysts call a "hard retest" — a situation in which the price returns to a previous breakout level to confirm the strength of buyers. The outcome of this test will determine the cryptocurrency market's trend through the end of the year. Bitcoin's current move fully mirrors the macroeconomic pattern dominating global markets.
First reported by U.Today. This page is a short excerpt; the full text is theirs.
