(BTC) has been buying and selling above $33,600 for the previous two days, indicating that the bulls usually are not dashing to the exit. After a pointy rally, if the worth doesn’t surrender a lot floor, it could trigger FOMO and ignite one other spherical of shopping for.
That might push the markets additional into overbought territory. Nevertheless, such rallies are hardly ever sustainable. They ultimately flip down and retest the breakout ranges. Therefore, Bitcoin’s drop to $32,000 can’t be dominated out.
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