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How 39,000 Bitcoin re-entering exchanges impact its bull run

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ambcrypto.com

Bitcoin is consolidating at a range above $55,000 since recovering from the 26 November slump. Over the past few days, there hasn’t been any form of structural break indicative of a bearish bias.

But an interesting on-chain development is suggestive of a possible dire situation.While Bitcoin remained at $56,460, the likelihood of a breakout is high, but surprisingly the direction is still uncertain.

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