Bitcoin

Resistance

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<ul class="wp-block-list news-points">
 <li>Bitcoin has failed to break above the resistance of $70,000.</li>
 <li>XRP is facing resistance around the $0.65 price level and is down 13% in seven days.</li>
 <li>SHIB has crashed 80% from its all-time high and awaiting breakout.</li>
</ul>
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, continues to struggle to break through the $70,000 resistance level despite several attempts over the past few days. BTC currently hovers around $67,584.44, having risen 0.77% in the last 24 hours. Its market capitalization stands at $1.34 trillion.
Bitcoin fell 1.91% over the past week but gained a modest 2.49% over the past 30 days. The leading cryptocurrency trades just 8.36% below its all-time high of $73,750, according to CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>. Since October 2023, BTC soared 98.15%.
As seen from the chart below, Bitcoin tested the $65,000-$66,000 support level several times in recent days and now encounters strong resistance at $70,000. Trading volume declined amid market uncertainty.
<a href="https://coinedition.com/bitcoin-etfs-see-1b-weekly-inflow-as-bitcoin-battles-to-break-70k-dominance-spikes-to-59-75/" rel="noopener noreferrer nofollow">Read also: Bitcoin ETFs See $1B Weekly Inflow as Bitcoin Battles to Break $70K, Dominance Spikes to 59.75%</a>
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 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe2sCEDiF6SH8J_xNpgjB4tWQnP0sUgg4Ax4BuSwM5uB8N5jn5UHfJHetg9hxkh7zY8bG2cDItmAzWr9h6xyGVxgokTbnqvwZbojq-e1V3CDGjlgUcbUpKsZuvnGyI7xc2YQwdEK3-7hkwnE86ts-1xuGNX?key=EjaryApBhLDmbqm0MVqPHg" alt="" style="width: 100%;height:auto">
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The Relative Strength Index (RSI) reads a value of 58.85 which means th…
The post <a href="https://coinedition.com/bitcoin-hits-70k-resistance-as-xrp-and-shib-prices-slide/" rel="noopener noreferrer nofollow">Bitcoin Hits $70k Resistance as XRP and SHIB Prices Slide</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Hits $70k Resistance as XRP and SHIB Prices Slide

Coin Edition

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