Bitcoin has been currently trading at the 2021 market lows for almost a month. It has now formed a channel at this level for consolidation. We can see a lot of liquidity is being gathered at this level. Bitcoin now has a decision to make which will most likely be driven by the US stock market! Will bitcoin break to the downside and move towards the 24k range or will we see a rally for bitcoin as it breaks to the 36k range!
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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.