BTC And ETH Move Sideways, Can They Hold?
Since the panicked sell-off at the beginning of this week, where major cryptocurrencies saw massive declines, including Bitcoin (BTC) that slid from $91,000 to $85,000 in a few hours, today, the broader crypto market has stabilized and bounced back.
During the early trading hours today, hovered near $92,000 from where it has come down and is currently trading at . It failed to push towards $93,000 overnight, continuing its choppy and directionless movement as it has done in the last several sessions.
Sellers have defended the $93,000 level since mid-November, and the buyers have stepped in at $91,000. Neither side is winning, hence BTC’s continued sideways movement.
Moreover, BTC’s one-month chart shows that it is still…
