Bitcoin Stages a Comeback, Sets Up Altcoins For Potential Rally
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Bitcoin recovered from a significant decline by forming a rejection candle on the daily chart around a crucial level. It reclaimed the $50,000 level after dropping to $49,577, leaving Bitcoin proponents hopeful for a potential bull run.
The recent volatility extended beyond Bitcoin, with nearly the entire crypto market crashing alongside it. This recovery might pave the way for a rally in altcoins, setting up a potential altcoin season.
Investors and analysts are now watching closely to see if this recovery can sustain and translate into sustained growth across the crypto market, particularly in altcoins.
Source: coinedition.com ↗
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