Bitcoin, Ethereum Look Set to Retrace Before Rebounding

Key Takeaways

  • Bitcoin has dropped by nearly 13% since Mar. 28. 
  • Likewise, Ethereum has incurred more than 12% in losses.
  • Both tokens are now approaching key support areas that may contain the bleeding.   

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Bitcoin and Ethereum are struggling to find support, while traders in the futures markets are showing signs of optimism. Such market behavior could result in a brief upswing before another retrace.

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