Market participants ignored Tether’s explanation, fueling a surge in Bitcoin’s price to $65,254, up from $60,200 on the day of the minting.
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Though the price remains 84% down from its highs, data shows it can break the ATH.
The buying interest from the U.S. market highlights a possible price move similar to the highs in March.
Seller exhaustion seems to have set in, paving the way for AVAX to breakout.
Memecoin could potentially revisit its previous highs, but the price may drop before that.
Key on-chain indicators revealed that the token may not be done with its recent hike yet.
Bitcoin’s price has fallen recently, but that’s not the only metric falling for the crypto.
The last few weeks have been bad for Bitcoin’s short-term holders. Will that change?
Key metrics indicated that the token could face resistance close to its press time levels.