Bitcoin Sustains Above $3,500 After Widespread Market Rally3.27

Following yesterday’s rally that allowed the cryptocurrency markets to regain much of last week’s losses, Bitcoin has been able to sustain above $3,500 and most altcoins have continued to rise. The market’s recent move appears to have validated the recent lows as a strong level of support.

At the time of writing, Bitcoin is trading up 3.3% at its current price of $3,560, up from its weekly lows of just under $3,200. Bitcoin’s recent price action also appears to have validated $3,600 as a strong resistance level, as its price has failed to break through this level on multiple occasions.

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