Bitcoin has made a solid attempt to move above $52,000 and consolidate higher, but bulls failed to show enough strength to support this move.The cryptocurrency has dropped a little since then and is changing hands at around $50,500 at the moment of writing. At the last moment bears made sure the daily candle close ended up in the red.
Ethereum continues to stay relatively flat; as I said earlier, Bitcoin’s weakness is likely to prevent ETH from making its way up in the near future. That’s exactly what happened. If BTC fails to break above the current $52,000 resistance, Ethereum could also collapse.
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