Bullish trend
Traders are waiting for the next catalyst to break Bitcoin from a $30,000 to $40,000 range that’s been in place since a decline from a record of almost $65,000 in April. Public criticism of the digital currency’s energy needs by tycoon Elon Musk and a Chinese regulatory crackdown are among obstacles. Bulls got a bit of a lift Wednesday after El Salvador made Bitcoin legal tender.
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