Bitcoin Bulls Face $120M Challenge in Extending 'Stair-Step' Uptrend

Bitcoin Bulls Face $120M Challenge in Extending ‘Stair-Step’ Uptrend


Bitcoin BTC$103,447.52 bulls face a $120 million resistance challenge as they look to extend the classic “stair-step” uptrend, or periodic controlled move higher, order book data show.

Since April 9, bitcoin has climbed about 38%, advancing from around $75,000 to $104,000 as trade tensions eased and major market participants deployed capital.

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This rally can be described as a classic stair-step pattern: Initial bullish impulses are

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