Bitcoin price sees firm rejection at $24.5K as traders doubt strength

in gjdkhls •  2 years ago 

Momentum gained momentum on the day, but bulls faced familiar resistance at levels largely in control since mid-June. Last week's trip to $25,000 and beyond remains a brief breakout above the two-month price range.

Analyzing the scenario, veteran trader Peter Brandt looks at a rising wedge setup for $20,700 as the starting point for Bitcoin.

On-chain monitoring resource material indicators were less certain about the lasting strength of the current assembly.

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