Bitcoin Rally Slows as Technicals Indicate an Imminent Bearish Correction | Crypto Briefing

Key Takeaways

  • Bitcoin surged over 25% in the past week to reach a new yearly high of nearly $11,500.
  • The upward price action was able to attract a lot of interest from market participants, which is historically a bad sign.
  • In the event of a correction, the most significant support barrier ahead of BTC sits around $10,000.

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