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Here's why Bitcoin bulls are failing to shift the $42K BTC price range
Bitcoin remains stuck below $43,000 this week as even institutional buying has little impact on markets. Data from Cointelegraph Markets Pro and TradingView confirms that BTC price action is focused on a narrow range — for the seventh day in a row. Since dropping 15% in two days last week after the launch of the first United States spot exchange-traded funds (ETFs), Bitcoin has underwhelmed traders. While so far not delivering further downside, bulls likewise lack the momentum to bring BTC/USD back to even the top of its broader trading range with $48,000 as its ceiling. Examining which hurdles lie in the way, ... (full story)