Home BlockchainBitcoin, Altcoin Relief Rally Aim To Restore Pre-crash Range Highs

Bitcoin, Altcoin Relief Rally Aim To Restore Pre-crash Range Highs

by CoinTelegraph
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Key points:

  • Bitcoin is attempting a comeback, which is expected to face stiff resistance at the breakdown level of $74,508.

  • Several major altcoins are attempting a recovery, signaling that lower levels are attracting buyers.

Bitcoin (BTC) has risen above $68,500, as buyers attempt to form a higher low near $65,000. According to Glassnode, BTC is stuck between the true market mean at $79,200 and the realized price near $55,000. The onchain data provider expects the range-bound action to continue until a…

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