3 reasons why Bitcoin is on shaky ground after failing to retake $60K
Altcoins are outsmarting Bitcoin bulls and on-chain indicators aren't as green as they have been — are further support tests inbound? Bitcoin (BTC) is back testing lower levels after failing to conquer $60,000 resistance — and indicators suggest the downturn is not over. BTC/USD bounced off $55,000 overnight on Monday, hours after hitting local highs of nearly $59,000 in bullish early trading. With sellers still in place closer to all-time highs of $64,500, the largest cryptocurrency has a lot of work to do to exit its current broad trading range.
Coin Telegraph - 4th May 11:05