Bitcoin saw an overnight decline that has caused it to further extend the bout of consolidation that it has been caught within in the time following its sharp rise to $10,000
This latest movement seems to suggest that there is in fact heavy resistance within the lower-$10,000 region
Although its inability to gain a solid foothold within this region does seem to be overtly bearish, the crypto was able to form an elusive “golden cross”
After attempting to gain a footing within the coveted five-figure price region yesterday evening, Bitcoin faced a slight rejection that subsequently led it lower.
It is important to note that this decline has been tempered – a further sign pointing to the sustainability of this recent uptrend.
Although it now appears that the cryptocurrency could be prone to seeing some further near-term downside,…
Click to continue reading on its source location…