The weekly candle chart for the Bitcoin shows it’s currently trading above high time frame resistance of $9,300, having.
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The general sentiment in the crypto world is negative on Friday as the market retraces gains seen earlier in the week. Bitcoin (-2.94%) has pulled away from the 9943.93 high seen post halving.
Markets are predicting global demand to stay depressed into the summer as oil futures for June continue to drop while Bitcoin.