Bitcoin Which Way Will It Go?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

EmpowerTrader

Since setting a new low for the year on January, 2022, price has been trading in a range between 33,000 to 45,000. They key level to look out for is 39,000, which has as a strong resistance the past three weeks. So far price as been rejected the past two weeks at this level. Can we close this week above 39,000?

Also, consolidations in a range that we’re seeing now never lasts in a volatile asset like crypto. Therefore, eventually price action will swing to one direction as volatility picks up again. Just some to keep in mind!

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