Bitcoin Dips but Holds Strong: Bullish Momentum Intact
Bitcoin price started a downside correction from the $72,000 zone. BTC is now consolidating near $70,000 and might eye another increase in the near term.
Gold pulled back at the start of the week as geopolitical tensions eased and the focus shifted to US economic data and earnings reports.
The yellow metal defied gravity in recent weeks, clinging to gains despite rising yields and a strengthening dollar.
Technically, gold remains overbought, but a breakdown in support levels could signal a potential trend reversal.
The yellow metal defied gravity in recent weeks, clinging to gains despite rising yields and a strengthening dollar.
Technically, gold remains overbought, but a breakdown in support levels could signal a potential trend reversal.
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