Bounceback Time: Bitcoin Retests $51,000 Resistance

IconCryptoNewsTerminal Staff04 Aug, 2024

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Bounceback Time: Bitcoin Retests $51,000 Resistance

Bitcoin has retested the $51,000 resistance level as it attempts to make a comeback from its recent slump. After dipping below $49,000, BTC has seen a slight uptick in value, trading at $50,724.11 on the Binance USDT market. The cryptocurrency market has been in a state of flux lately, but it seems that BTC is determined to regain its momentum. If BTC can break through this $51,000 level, it would be a significant boost for the market.