Bitcoin Slammed by Resistance, Bearish Outlook Persists

Bitcoins rally stalls as it hits a tough resistance ceiling, dropping back below eighty-eight thousand dollars. The descending trendline from Octobers record high continues to hinder progress, locking in another lower high and maintaining a bearish outlook. Support now lies between eighty-four thousand and eighty-four thousand five hundred dollars, with a potential breakout could shift the focus towards one hundred thousand dollars amid a weakening dollar index.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.