Bitcoin Faces Resistance: Trendline from $126,000 Highs Limits Gains
Bitcoin's recovery faced resistance on Monday, according to reports. The cryptocurrency's upward movement was capped by a trendline originating from its record highs of $126,000. The trendline appears to be acting as a significant barrier, limiting potential gains for Bitcoin. This technical analysis suggests a continued struggle for BTC to overcome this resistance level in the near term.
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