At the start of the day, the Bitcoin (BTC) market was dominated by bears, with prices plummeting to a low of $17133.37. Bulls, on the other hand, came in to reject this unfavorable trend, raising the price by 0.18% to $17,178.20. Throughout the day, this bullish trend established support around $17,120.68 before encountering resistance at the intraday high of $17,216.83.
During the upturn, the market capitalization jumped by 0.19% to $330,307,633,679, but the trading volume dipped by 28.30% to $12,870,201,575 reflecting that buyers are not matching sellers’ expectations.
The post Bull Strength Dwindles in BTC as Technical Indicators Point Southwards appeared first on Coin Edition.
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Source: Cryptocurrency - investing.com
