Bitcoin (BTC) Needs to Overcome These 2 Hurdles Before Breaking $7,000

Bitcoin BTC Needs to Overcome These 2 Hurdles Before Breaking 7000 770x432

In brief: The US Congress finally agreed to a $2 Trillion stimulus package. Bitcoin (BTC) reacted positively to the news and traded briefly at $6,960, Binance rate. However, the $6,900 resistance area and the CME Bitcoin futures expiry this week, might delay BTC from reclaiming $7,000 and turning it into support. The two major parties in the United States Congress have finally agreed regarding the workings of a stimulus package that will attempt to offset the economic effects of the Coronavirus. The stimulus will be worth $2 Trillion and its chief goal will be providing relief for businesses and Americans in the largest bailout ever in the country’s history. News of the agreement excited both the stock markets and Bitcoin (BTC) as well. However, the King of Crypto is having a difficult time reclaiming $7,000. Bitcoin Unable to Break the $6,900 Resistance Zone News of a possible bailout started to…

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