Crypto Daily – The price is looking comfortable. Back in the middle of its range, $BTC is currently at support around the $64,000 to $63,000 level. Should this not hold, further strong support can be found at $61,000. Once this small pull-back is over, Bitcoin might be expected to resume its latest rally.
Bitcoin taking a breather
All appears to be perfectly normal for Bitcoin. The $BTC price is currently experiencing a small pull-back after its exertions of the last couple of weeks, when the price rallied 24%, equivalent to nearly $13,000, from the low of $53,400.
After such a strong price surge it’s only normal that Bitcoin bulls would take a breather and allow indicators to reset. It now remains to be seen just how much of a correction the $BTC price will take.
Tail winds in evidence
Tail winds are still very much in evidence. The Spot Bitcoin ETFs are maintaining their latest buying spree, and rumours (unconfirmed) are propagating across…
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