Cointelegraph.com NewsKey point:Bitcoin’s market structure is still bullish, even as a phase of profit taking and consolidation sets in.Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report…
Key point:Bitcoin’s market structure is still bullish, even as a phase of profit taking and consolidation sets in.Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report…
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