Bitcoin has retraced a bit finding some resistance at $46.2K. We are seeing support from $45K which is a good sign, but it appears that Bitcoin wants to range a bit before considering another breakout. A sideways correction or even a retracement is a good thing for the price stability of Bitcoin. Watch out because there is a vacuum zone down to $41.9K. Our next target is $48.2K.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.