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Bitcoin climbs 27% in five days before hitting resistance, Gareth Soloway notes

Bitcoin climbs 27% in five days before hitting resistance, Gareth Soloway notes
Bitcoin surge stalls at resistance

Gareth Soloway, chief market strategist at InTheMoneyStocks, observes that bitcoin:native has surged 27 percent in five days before encountering significant resistance. An ascending trendline that previously acted as support now serves as resistance for the cryptocurrency.

Soloway has recently tracked similar technical setups in other assets. In a previous note, he monitored polkadot retracing to support after a trendline breakout. He also identified HYPE approaching a key $50 support level while watching its trendline.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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