This week’s market recovery has seen Bitcoin (BTC) surge over 10% to retest a key barrier for the first time in weeks. Amid this performance, some analysts suggest that the flagship crypto is about to restart its bullish rally, while others consider that holding key levels will determine BTC’s next step. Related Reading: Cardano Breakout Eyes $0.80 Resistance – Is ADA Repeating Its ATH Playbook? Bitcoin Reclaims Its ‘Ultimate’ Level To Break Bitcoin has recovered from its early April sub-$80,000 correction after surging 11% in the past week. On Friday, the largest crypto by market capitalization reclaimed the $85,000 barrier, which has served as a key barrier since late March. Since Friday, BTC has climbed several key levels, breaking above the $90,000 resistance on Tuesday and holding it for the past 24 hours. Analyst Daan Crypto Trades pointed out that Bitcoin has a “solid breakout back into the previous range and above the Daily 200MA/EMA.” Notably, the cryptocurrency has been trading within a significant area over the past weeks, as it has been retesting its multi-month downtrend line and the Daily 200 ..
Support the originator by clicking the read the rest link below.
