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Bitcoin Price Analysis: Is $BTC Price Poised for Further Correction?

source-logo  coingape.com 29 May 2023 19:30, UTC

Bitcoin Price Analysis: The crypto witnessed a significant buying press in the last few days which is likely associated with the macro economical event of the US debt ceiling deal. As a result, the Bitcoin price bounced back from the local support of $26000 and surged 9% to the hit overhead trendline of the channel pattern. However, the supply pressure at this resistance keeps the BTC prices under the threat of prolonged correction.

coingape.com