Altcoins spike to new highs while Bitcoin bulls aim to recapture $57K
Cointelegraph
Published Mar 16, 2021 06:05PM ET
Updated Mar 16, 2021 07:40PM ET
Bitcoin (BTC) price continues to recover from its sub-$55,000 correction and at the time of writing, traders are attempting to recapture the $57,000 level as a support.
Data from Cointelegraph Markets and TradingView shows that a wave of early morning selling pushed Bitcoin price to a daily low of $53,167 and while dip buyers did manage to step in, the lack of purchasing volume is keeping BTC pinned in what appears to be a tightening range.
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Written By: Cointelegraph
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