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Bitcoin Will Need To Topple One Key Resistance Level To Sustain Current Rally
Summary: Bitcoin's price has continued to rally this week surpassing $13,745, however popular cryptocurrency trader Edward Morra predicts $13,875 will evolve into a crucial resistance level. Bitcoin's reaction to $13,875 will likely determine the currency's short-term price performance. Morra stated in a tweet that he suspects Bitcoin will see a correction at $13,875. When BTC tested ...
Bitcoin's price has continued to rally this week surpassing $13,745, however popular cryptocurrency trader Edward Morra predicts $13,875 will evolve into a crucial resistance level.
Bitcoin's reaction to $13,875 will likely determine the currency's short-term price performance. Morra stated in a tweet that he suspects Bitcoin will see a correction at $13,875. When BTC tested the level 16 months ago, it faced a large pullback in a short period. Morra believes Bitcoin's retraction from $13,875 in 2020 will likely be less dramatic than in 2019, but he still predicts a reaction.
In the recent bull run, Bitcoin has flipped previous resistance levels with ease to form a stable rally. Traders will have to wait and see if it can do the same with $13,875.
By Emily Mason
Tags: Bitcoin,BTC,Price Rally
Link: Bitcoin Will Need To Topple One Key Resistance Level To Sustain Current Rally [Copy]
