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Bitcoin Continues to Find Buyers on Dips

From dailyforex.com

Analyzing the Bitcoin market, Friday exhibited a pattern similar to previous days, as we endeavored to maintain the $40,000 price area, a level of considerable importance. This area is the central area of importance on the chart at the moment, however – there are other levels of support to pay attention to overall. The trading session for Bitcoin on Friday moved rather uneventfully, likely attributed to the market's ongoing quest to ascertain its course following the ETF announcement. What seems to be emerging is a phase of significant consolidation, necessitating an exploration of slightly lower price points to ... (full story)

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  • Category: Technical Analysis