Chart of the Day: Bitcoin Consolidation

Name: Chart of the Day: Bitcoin Consolidation
Uploaded: 2021-05-07T23:51:19Z
Duration: 1 min 77 s
Description: Bitcoin has been trading sideways throughout the week, nearing resistance at $58K.

May 7, 2021

Bitcoin has been trading sideways throughout the week, nearing resistance at $58K.

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Bitcoin has been trading sideways throughout the week, nearing resistance at $58K. Data suggests traders were quick to take profits during rallies, and the slowing momentum indicated bitcoin was ready to take a breath after breaking through the $50K barrier. “All About Bitcoin’s” host Christine Lee breaks down the data in the Chart of the Day.

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