BTCUSD is struggling to maintain positive momentum on Wednesday as the week-long rally appears to have stumbled after getting caught between the 50-day moving average (MA) and the 161.8% Fibonacci extension of the January-March upleg at 23,505.65. The price earlier hit an intra-day peak of 23,940.99 – a one-month high. But the grind higher is […]
The post BTCUSD Hits Resistance as Rebound in Danger of Becoming Overstretched appeared first on Action Forex.
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