Blog

Home News Viewpoint: Bitcoin Reclaims Support Level, Market Momentum Poised to Build Up Again

Viewpoint: Bitcoin Reclaims Support Level, Market Momentum Poised to Build Up Again

Viewpoint: Bitcoin Reclaims Support Level, Market Momentum Poised to Build Up Again

BlockBeats News, October 20th, glassnode stated in a post that Bitcoin has reclaimed the 0.85 cost benchmark range, turning this key risk area back into a support level. If buyers can hold this range, market momentum is expected to build up here again; however, if it is lost again, the market is likely to retest lower levels. This is a crucial area to keep a close eye on.

Related articles