Bitcoin’s brief pullback from its all-time high has not altered the bullish longer-term view, but bulls will have to swiftly push the price above $126,200 to retain the advantage.
Key points:
Bitcoin experienced profit booking on Tuesday, but the shallow pullback suggests that the bulls are not rushing to the exit, as they anticipate the uptrend to continue.
Many altcoins rebounded off their support levels, indicating buying at lower levels.
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