Bitcoin briefly spiked to $77,400, yet a surge of selling pressure has emerged, challenging the cryptocurrency’s ability to establish firm support between $77,000 and $80,000. Over $130 million in sell orders currently populate levels between $76,700 and $79,300, posing a formidable obstacle to any upward momentum in the short term.
Continue Reading:Bitcoin’s Battle with Strong Resistance: Can the Bulls Prevail?
Source: https://en.bitcoinhaber.net/bitcoins-battle-with-strong-resistance-can-the-bulls-prevail
