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