“It’s possible that BTC and the wider crypto market have just entered a consolidation phase and could potentially renew their uptrend in the near future,” Lin said. “Looking at the current BTC chart, we can see it has formed a ranging pattern with 25,000 as its lower limit and 31,500 as its upper limit. A sustained break on either side of this range could decide the market’s direction for the coming months.”

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Author: Krisztian Sandor

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