Bitcoin has support at the $ 46,000 level after a failed breakout, Cardano price surpasses $ 2.20
(BTC) bounced off a support at $ 46,000 on August 14 after an attempt to break through a major resistance ended in rejection.
1-hour price chart of the pair (Bitstamp). Source: TradingViewBitcoin rejects $ 48,000 level Data from Cointelegraph Markets Pro and TradingView showed that the BTC / USD pair rose to face a giant selling wall on Saturday, only to retreat to Friday’s levels.
As Cointelegraph reported, the seller pressure area from $ 47,000 and up had been a formidable feature on the daily chart all week, and it took Bitcoin several days to prepare for its attack.
Read the full article on Cointelegraph
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