Bitcoin Tries to Hold $59K
Bitcoin has been trying to hold $59K for the last few days despite increasing selling pressure. It is currently trading at $59,018 and it has a strong support at $59K. However, breaking $59K could push Bitcoin even further down, especially $56K should not be broken, otherwise we could see much steeper declines, albeit in the short term. But in the long run, I have no doubt that Bitcoin can move even higher, which is why I stay away from short-term trading and invest for the long term.
Do you think a bull run or a bear run is approaching?
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