Major cryptocurrencies have witnessed a significant rally over past one week despite concerning economic data release in the U.S.
What Happened: Bitcoin (CRYPTO: BTC) surged over 12% in last five days while Ethereum (CRYPTO: ETH) rallied close to 9% during the period.
At the time of writing, Bitcoin was trading close to the $24,500-level.
Despite the optimism, professional traders appear to consider the $26,000-level as a stiff short-term resistance. This is because …
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