Despite recent price corrections Bitcoin has been able to bounce back on the charts and continues to trade extremely close to the $60k resistance at the time of writing. During the past few days, Bitcoin has been able to register a complete recovery after having fallen to $52k towards the end of March. However as the price inches closer to the ATH, traders may be wary of another price drop if a sell-off were to take place. The chance of such a scenario is low but cannot be entirely ruled out.
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