May 7, 2021

Bitcoin has been trading sideways throughout the week, nearing resistance at $58K.

Video transcript

Bitcoin has been trading sideways throughout the week, nearing resistance at $58K. Data suggests traders were quick to take profits during rallies, and the slowing momentum indicated bitcoin was ready to take a breath after breaking through the $50K barrier. “All About Bitcoin’s” host Christine Lee breaks down the data in the Chart of the Day.

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