Top Analysts Weigh In After Bitcoin’s $65.5K Rejection
Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert Visit – https://play.google.com/store/apps/details?id=com.freecryptosignals.app On the flip side, BTC managed to reclaim a key support level, which should provide more upside momentum. The US CPI data for June brought a much-needed relief rally in the cryptocurrency markets, pushing the largest of the bunch to a new three-week peak at $65,500. However, after gaining about $4,000 in just a day, the asset was rejected and driven south by $1,500. According to popular crypto analysts, this was not an isolated or accidental rejection, as history might map out the path forward. Why Was BTC Stopped? Crypto Rover noted that BTC has faced the same scenario after every relief rally during this bear cycle. It surges to the Short-Term Holder Realized Price, and then the bears ste...