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Is this yet another Bitcoin (BTC) failed rally? Crypto Daily 15 жов 2024

Is this yet another Bitcoin (BTC) failed rally? 📉

Bitcoin has experienced a significant rally in the past five days, with its price increasing by $7,600, reaching up to $66,500. This marks the peak of its recent bull flag pattern.

Despite this impressive gain, the rally halted just shy of setting a new local high, which has raised questions among investors and analysts.

Momentum indicators are reflecting a potential peak, leading to concerns about a possible price reversal. Traders are now speculating on the extent to which the Bitcoin price might retract.

Джерело: cryptodaily.co.uk ↗

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