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Bitcoin Fails To Rise Back To $100k
Despite our previous predictions suggesting otherwise, Bitcoin has failed to rise back above the $100,000 mark. In fact, the cryptocurrency is still struggling to recover from its recent drop, currently trading at $97,536.
While many were hopeful that BTC would bounce back and regain its momentum, it seems that this hasn’t come to pass. The latest market metrics suggest that the situation is even more precarious than we initially thought.
As outlined in our previous analysis, Bitcoin’s chart shows a concerning trend. Not only has the price failed to rebound, but key indicators such as the MACD histogram and RSI are indicating a bearish sentiment.
Source: coinpedia.org
