3 reasons why Bitcoin is on shaky ground after failing to retake $60K

Cointelegraph

Published May 04, 2021 06:00AM ET

Updated May 04, 2021 07:40AM ET

Bitcoin (BTC) is back testing lower levels after failing to conquer $60,000 resistance — and indicators suggest the downturn is not over.

BTC/USD bounced off $55,000 overnight on Monday, hours after hitting local highs of nearly $59,000 in bullish early trading.

Crypto Fear & Greed Index. Source: Alternative.me
BTC/USD vs. DOGE/USD line chart. Source: Tradingview

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