Bitcoin’s rebound approaches the $85,000 zone where past buyers may sell
Bitcoin and Ethereum extended their weekend recovery, although on-chain indicators and derivatives positioning suggest the rebound faces significant obstacles. Data from CryptoSlate showed that Bitcoin briefly climbed above $84,000 after falling toward $80,000 during last week's selloff. Ethereum also recovered above $2,500, reversing part of its recent losses as buying activity returned to the cryptocurrency […] The post Bitcoin’s rebound approaches the $85,000 zone where past buyers may sell appeared first on CryptoSlate.
Key Takeaways
- Bitcoin and Ethereum extended their weekend recovery, although on-chain indicators and derivatives positioning suggest the rebound faces significant obstacles.
- Data from CryptoSlate showed that Bitcoin briefly climbed above $84,000 after falling toward $80,000 during last week's selloff.
- Ethereum also recovered above $2,500, reversing part of its recent losses as buying activity returned to the cryptocurrency […] The post Bitcoin’s rebound approaches the $85,000 zone where past buyers may sell appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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