Oops! BTC gets swatted lower in its latest attempt to crush $25,000 resistance.
, meanwhile, Venturefounder, a contributor to on-chain analytics platform CryptoQuant, predicted a retest of lower levels before upward continuation for Bitcoin.He based this on market conditions from mid-2021, the year in which BTC/USD produced a"double top" all-time high in April and November, respectively.
"Bitcoin might go above it in a 'Fakeout' but likely retest lower support before consolidation and resume to the uptrend."Venturefounder cautioned that macroeconomic events could end up weaking Bitcoin and crypto more broadly — part of aThe views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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