Bitcoin remains resilient in a week when economic data will be released. However, factors such as Israel-Hamas tension and the Ethereum Foundation's ETH sale are creating selling pressure. Bitcoin fell to $27,200 but is struggling to maintain the $27,500 support level. While Ethereum and other altcoins are declining, analysts are bullish for Bitcoin and say a successful consolidation is needed above $28,000. If this is broken, it is stated that a rapid rise could continue up to $29,500.
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Bitcoin remains resilient in a week when economic data will be released. However, factors such as Israel-Hamas tension and the Ethereum Foundation's ETH sale are creating selling pressure. Bitcoin fell to $27,200 but is struggling to maintain the $27,500 support level. While Ethereum and other altcoins are declining, analysts are bullish for Bitcoin and say a successful consolidation is needed above $28,000. If this is broken, it is stated that a rapid rise could continue up to $29,500.
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