Bitcoin found support at lower levels in the $30K handle and was swiftly bought back up to resistance at $37.7K, where we are currently hovering. It does look like we are in the process of forming a bull wedge or other consolidation pattern but we will continue to face resistance from $40K even if it does breakout. Broadly, Bitcoin is holding the range between $30K and $40K and will continue to do so until we see a significant bid. It appears larger players are holding out for lower prices.
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