TipRanks
2022-02-17 14:20:05

This Week in Crypto: Legacy Tokens Hold Ground

Uncertainty has prevailed across the broader crypto market amid the upcoming decision of the U.S. Federal Reserve on combating inflation. Prices of most of the prominent tokens have remained range-bound, with a few altcoins rallying upward. BTC Finds Support Bitcoin (BTC) is currently struggling to move past the $45,000 resistance mark, with a key bullish trend line forming as it is now holding support around $43,800. Per the latest trading data, the token has remained almost unchanged over the past 24 hours. However, multiple technical indicators suggest that if BTC can continue holding support at this level, there are high chances of a bullish run.

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