Bitcoin price rebounds back to $ 52K with strong support
- Price back $ 52,000.
- Bitcoin price has weakened around the $ 60,000 resistance zone.
According to data from CoinMarketcap, Bitcoin’s price rebounded to $ 52,000 once again with strong support this time. This happened after BTC traded at the lowest sell-off level on Sunday last week before it soared to current $ 52k levels.
Cryptocurrencies saw a massive bull run earlier this year, especially Bitcoin. Note, the top cryptocurrency has even traded in a very tight range in today’s crypto bull market. Also, different types of altcoins are doing well these days, especially Binance Coin and Dogecoin.
Specifically, Bitcoin has seen significant increases in price continuously during this cryptocurrency’s bull season. However, the BTC price rally has slowed down around the $ 60,000 resistance zone. This shows that crypto investors and traders are finally losing strength.
Also, comparing the price rise of BTC from March to today, we can see that its uptrend is …
This article was first published on coinquora.com
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