Bitcoin Faces Resistance: Analyst Warns of Potential Correction

IconCryptoNewsTerminal Staff13 Jun, 2024

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Bitcoin Faces Resistance: Analyst Warns of Potential Correction

According to Nicholas Merten, the crypto market analyst, Bitcoin is facing resistance at the $71,500-$72,500 range, indicating a potential correction. Merten believes that failure to break this resistance level could lead to a significant downward adjustment. This information serves as a valuable insight for investors seeking to navigate the cryptocurrency market and make informed decisions.