Bitcoin continues to consolidate inside a pennant today, tracking well between a strong uptrending support and decreasingly highs. In the last few hours, the asset has started to oscillate closely around the $6,500 level, with a noticeable drop in volatility between the bulls and bears. This could be regarded as a sign that either traders are uncertain of where the market is about to go and are waiting for a stronger confirmation, or they are gathering for a breakout.
Could buyers be about to pull something off here and deliver the breakout everybody has been waiting for? Or will the #1 cryptocurrency continue its gradual tumble further down the chart as bears continue to overpower the market? Let’s take a look.
So far, the $6,500 level has held strong through t...
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