‘Optimistic signals’ meet a $68,000 wall as bitcoin’s recovery faces its next test: analysts
The Block·
60-second summary
Bitcoin holds above $65,800, buoyed by a sixth consecutive day of spot ETF inflows. Analysts at Bitfinex flag $68,000 as a significant resistance level, potentially hindering the cryptocurrency's recovery. The upcoming test will determine the strength of the market's momentum, with a break above $68,000 potentially unlocking further gains, while a rejection could signal a reversal.
Bitcoin holds above $65,800 as spot ETFs log a sixth day of inflows. Bitfinex analysts flag $68K resistance as the next test.