Bitcoin’s price action over the past few weeks has been deemed “boring” by most traders. As the chart below shows, the leading cryptocurrency has been caught in a tight consolidation pattern. Since the start of May, Bitcoin has barely deviated from $8,000-10,000. Only twice did the cryptocurrency move out of this range, though those moves saw quick rejections at crucial resistances. Crucial market indicators, however, suggest that a bullish breakout is near. This shift in […]
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