CoinCodex: Bitcoin Meets Resistance At $57,270 But Remains Inside Ascending Price Channel - Will The 50-Days EMA Hold?
The price of Bitcoin took a slight 3% tumble today after rising into resistance at $58,270 (bearish .618 Fib Retracement). It had reached this resistance on Friday and could not break above it during the weekend. As a result, it has rolled over today and dropped as low as $55,000 before bouncing to the current $56,110 level.
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