RATE Group | Bitcoin is in recovery mode ahead of the weekend
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Bitcoin is in recovery mode ahead of the weekend

06 Dec Bitcoin is in recovery mode ahead of the weekend

Posted at 06:42h in Bitcoin News by

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  • Bitcoin (BTC)  has reached a strong resistance area.
  • Altcoins are range-bound in Asian. in green on a day-to-day basis.

The cryptocurrency market has recovered from the recent sell-off; however, the further upside in major coins looks to be limited in the short run Bitcoin and all major altcoins are mostly range-bound during early Asian hours, with marginal gains registered on a day-to-day basis. The total cryptocurrency market capitalization increased to $201 billion from $196 billion this time on Thursday; an average daily trading volume stayed retreated to $59 billion. Bitcoin’s market share settled at 66.9%.

Top-3 coins price overview 

BTC/USD is hovering around $7,400 during early Asian hours; This area is packed with technical levels, which makes it hard to break. Once it happens, the upside may gain traction with the next focus on $7,700 and the recent high of $7,700. On the downside, thee coin is supported by a confluence of SMA50 (Simple Moving…

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