Over the last week, several attempts have been made by the king coin to establish itself above $50,000. However, all efforts seemed to have gone in vain. Its price action has been restricted around $49,000, with the $47,900-level acting as a lower short-term support.
In many ways, Bitcoin’s trajectory presents a classic case of chaos and confusion in the market.
At the time of writing, BTC was trading at $49,112, having seen daily gains of 1.41%. However, before BTC’s mid-short-term price
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