Hello everyone,
The current price of Bitcoin is $3865, with 24 hour volume leveling around 7.5 billion USD.
$BTC has closed every 4hr candle within a 3.5% trading range for over 4 days now .
The consolidation that is occurring could lead to an extremely pivotal move for the crypto markets.
Current analysis seems fairly simple: if $BTC can’t hold the 50DMA (~$3730) as resistance turned to support, then crypto markets may see new lows. The contrary stands should it remain intact.
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