Market News / Story
BTCUSD — Bitcoin Slips to Start New Week as $82,000 Support Looms. What’s the Chart Saying?
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Bitcoin is surrendering part of last week’s breakout as rising oil prices, Treasury yields and the US dollar return pressure to risk-sensitive assets. Bitcoin cools after its eight-month high Bitcoin BTCUSD fell 1.2% to $83,400 Monday after trading as high as $85,060 earlier in the session. The retreat follows last week’s rally above $86,000, which gave the cryptocurrency its highest price since January. The recent advance was substantial: Bitcoin climbed more than 30%…