Bitcoin Fails to Sustain Early Week Gains
Bitcoin Price Movement
Bitcoin experienced a pullback after briefly spiking above $94,500 earlier in the week, triggering a minor short squeeze but failing to overcome resistance levels that have constrained the cryptocurrency for most of the past three weeks. This decline was accompanied by drops in other major cryptocurrencies including Ether, Dogecoin, and Solana. The failure to maintain momentum above key resistance levels suggests ongoing market uncertainty and potential consolidation in the near term. Traders are closely watching whether Bitcoin can establish new support levels or if further corrections may follow this failed breakout attempt.
What price level did Bitcoin fail to sustain?
Bitcoin failed to sustain gains above the $94,500 resistance level.
Which other cryptocurrencies declined along with Bitcoin?
Ether, Dogecoin, and Solana also declined following Bitcoin's pullback.
How long has Bitcoin been constrained by resistance?
Bitcoin has been constrained by resistance for most of the past three weeks.
Location: Raipur - C.G.
Category: Crypto
