Several technical analysts weighed in on whether the cryptocurrency has been establishing support near the price level
China’s Supposed ‘Bitcoin Ban’ Fails To Crash Market As Twitter Adds Crypto Payments In Historic First
“Once the $60k point is breached, more retail and institutional investors are likely to FOMO in, helping the impending growth narrative.”“Yes, the $60k level is emerging as an important threshold as that’s where we’ve been seeing profit-taking recently as well as an accumulation of sell-offers on the order books.”
“Our sentiment models are neutral and, on the macro side, the recent strength of the USD is also likely providing a bit of a dampener on upside expectations for bitcoin,” he stated.
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