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Benzinga
Benzinga
Business
Zaheer Anwari

Analysis: Bitcoin Holding Firm For 5 Weeks. Is A Bull Reversal On The Horizon?

Bitcoin

My last post about Bitcoin, on May 11, highlighted a support level that could potentially halt the price's decline. 

The orange shaded area in the image below is the consolidation area, or sideways market. The June 2021 low forms the base/support, or the bottom of this consolidation. The April 2021 high is the first ceiling of the consolidation.

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