Bitcoin’s bullish price action continues to bolster rallies in FIL, OKB, VET and RPL

Bitcoin’s bullish price action continues to bolster rallies in FIL, OKB, VET and RPL

© Reuters
 
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The Dow Jones Industrial Average fell for the third consecutive week but Bitcoin (BTC) price decoupled and is on track to close the week near the strong overhead resistance at $25,211. This suggests that the wider crypto market recovery is on a strong footing.

After Bitcoin’s sharp rally from the lows, analysts remain divided in their opinion about its next move. Some traders believe that the current Bitcoin rally will turn down once again, while others expect the momentum to continue, starting a new bull phase.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
FIL/USDT daily chart. Source: TradingView
FIL/USDT 4-hour chart. Source: TradingView
OKB/USDT daily chart. Source: TradingView
OKB/USDT 4-hour chart. Source: TradingView
VET/USDT daily chart. Source: TradingView
VET/USDT 4-hour chart. Source: TradingView
RPL/USDT daily chart. Source: TradingView
RPL/USDT 4-hour chart. Source: TradingView