BITCOIN (BTC/USD): Bitcoin's rally may be running out of steam, per CNBC

 


Bitcoin ran up on bets that Fed rate hikes are nearing an end. The rally seems be stalling at the trendline resistances ~ 28.9k after the news came out. Be aware that bitcoin could pull back to retest the March 17 breakout ~ 26k if the 600-day EMA (~27.2k) can't hold.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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