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Bitcoin Price Remains Range-Bound Despite Improved Risk Sentiment

From investingcube.com

Bitcoin price has eased as bulls lack enough momentum to push it past the crucial support-turn-resistance level of $33,000. Earlier in the week, the risk-off mood in the market pushed the cryptocurrency below the psychological level of $30,000 for the first in a month. On Tuesday, it hit an intraday low of 29,261.92. it has since rebounded by about 9.83%. Notably, an improvement of the risk sentiment has boosted Bitcoin price. However, it remains subject to market volatility. Since hitting its record high in mid-April, it has dropped by about 50%. In addition to the regulatory issues, the risk sentiment and concerns ... (full story)

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  • Category: Technical Analysis