Bitcoin Holds H&S Support, Bounces to $60.1K

Bitcoin comes back to 60k showing probable H&S support. A potential head-and-shoulders breakdown would expose support near $54,000.

While prices fell by 4.3% on Tuesday, sellers failed to break the support level near $59,800 and confirm a head-and-shoulders (H&S) breakdown on the 4-hour chart.

Resistance was seen at $63,700 and a higher break could take bitcoin to record highs.

News Source: Coindesk


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