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Bitcoin Continues to Look for Momentum

From dailyforex.com

Bitcoin has done very little during the trading session on Thursday, which is not a huge surprise considering that we had almost doubled in price in the very end of 2023. So, with that being said, I think you've got a situation where the market is just now trying to look for its next catalyst. Granted, the Bitcoin ETF was the major catalyst previously, but at the end of the day, everybody knew that, and once the SEC announced that they were going to approve the ETF, there was nothing else to move the market. Above, I see the $47,500 level as a major resistance barrier that will be very difficult to overcome. It's ... (full story)

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  • Category: Technical Analysis