Bitcoin Holds Key Level, Altcoins Aim To Follow: Will Bears Relent?

Key points:

• Bitcoin remains under pressure as bears are selling on rallies near the $74,508 resistance

• The bears are mounting a solid defense in several major altcoins at higher levels, indicating a negative sentiment.

Bitcoin (BTC) has started the new week on a cautious note as bulls attempt to maintain the price above $67,500. Investors are not rushing in to buy the dip, as seen from the $133.3 million in outflows from BTC exchange-traded products last week. The total outflows from crypto investment…