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Bitcoin Price Sticks to $62K As Range Trading Momentum Kicks In

From investingcube.com

Bitcoin prices are fighting to stay on an ascending trajectory, as the market bellwether aims to rejuvenate after the post-halving decline. BTCUSD returned above the psychological $60,000 mark on May 5, but has closed the day in the red in the last two days. As of this writing, BTC trades at $62,256, having lost 0.10 percent in the intraday session. With the US dollar remaining strong, dollar-denominated assets such as gold and Bitcoin have come under pressure. That said, there is a rising expectation that Bitcoin’s return above the $60k mark could be an indicator of an imminent breakout. However, the push and pull ... (full story)

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