Bitcoin Technical Analysis: BTC Consolidates on Monday, After Recovering Recent Losses
Bitcoin consolidated Monday, after recovering recent losses over the weekend, setting the stage for a potential rally this coming week. Price traded close to a one-week high on Monday, marginally below a key resistance level. Ethereum also rebounded, and is now hovering near a support point of its own.
After dropping to a three-month low last week, bitcoin (BTC) has since rebounded, trading close to a one-week high on Monday while seeing consolidation.
BTC/USD hit an intraday peak of $26,675.93 to start the week, which is its strongest point since June 11.
