Why Bitcoin is stuck below $28,000 resistance

Why Bitcoin is stuck below $28,000 resistance


On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin’s price is stuck near $27,000 and the next price level for the king of cryptocurrencies.

Cointelegraph YouTube Subscribe Join us on social networks

On May 23’s episode of The Market Report, analyst and writer Marcel Pechman discusses why Bitcoin (BTC) is stuck near $27,000 and how the macroeconomic scenario has become more critical than ever for an eventual breakout. Plus, the show dissects what United States President Joe Biden has been saying about crypto traders being wealthy tax cheaters.

The first news article shows that the most significant price movements tend to occur after periods of low volatility, as traders tend to get overconfident and add leverage. That creates a

Trending: READ IT: Dodgers Pitcher Issues Powerful Statement Against His Own Team For Inviting Anti-Catholic Group

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend