Crypto Analyst: Bitcoin (BTC) Hitting “Titanium” Resistance, Bottom Not In

As reported by Ethereum World News previously, on Sunday, Bitcoin (BTC) suddenly surged past $4,000 the first time since Christmas Eve, as buying pressure quickly pushed the asset higher in a seeming “flash flood.” Following this bout of price action, analysts took to Twitter to convey their thoughts on the updated cryptocurrency charts.

Murad Mahmudov, one of the industry’s most well-respected analysts, explained in a thread that this move hasn’t pushed Bitcoin into a breakout zone. The trader noted that BTC’s move past $4,000 still hasn’t put it past “titanium level thickness cluster of resistance,” adding that the longer we fail to surpass key price levels, the more inclined traders should be to take shorts.

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