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‘$31K was not the end’ — 5 things to know in Bitcoin this week

From cointelegraph.com

Bitcoin starts the second week of June in familiar territory, but a breakout is coming, investors say. After a calm weekly close, BTC/USD is firmly in its established trading range, while under the hood, market participants are preparing for some dramatic shifts. It has been a long time coming, and for seasoned traders, the signs are increasingly pointing to volatility making a comeback. There is little by way of macroeconomic triggers due this week, making the focus shift elsewhere for cues as to what BTC price action might do in the short term. The on-chain analysis provides other interesting insights, reinforcing ... (full story)

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  • Category: Technical Analysis