The post Bitcoin Failed to Cross $68,300 Will it Now Fall Back? appeared first on Coinpedia Fintech News
Bitcoin has sent waves of excitement to the crypto community by passing its one of the All Time High price zones. $67,000 is one of the most difficult zones to pass, however this time the largest crypto crossed it with ease. But in reality, the crypto has been collecting the power for this penetration. If things are so great why is it struggling again? Let’s find out.
The Bitcoin Price Chart
There is one thing that was more difficult than $67,000 to cross. It was the downward moving parallel channel that kept Bitcoin under its influence for straight seven months. The crypto tried multiple times to bypass it but always faced rejection.
On October 14, btc was finally able to make a positive breakout. It then confirmed the zone above its upper line and moved to cross $66,900 with ease. At the time of writing, Bitcoin is facing another resistance at $68,300 and is trad
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