Bitcoin Coils Near Highs as Bulls Defend Gains Ahead of Resistance
Bitcoin price started a fresh increase above $92,500. BTC is now consolidating gains and might attempt an upside break above $93,500.
Bitcoin has been consolidating around $63,000 despite broader market declines.
But, the double-top pattern and struggle to get back above $70k raises concerns of a correction.
Critical support levels, such as the 21-week EMA at $55,200, should be monitored closely in case of a potential correction.
But, the double-top pattern and struggle to get back above $70k raises concerns of a correction.
Critical support levels, such as the 21-week EMA at $55,200, should be monitored closely in case of a potential correction.
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