Earlier in the week, despite an initial bullish candle closure, Bitcoin couldn’t sustain its upward momentum. This led to an expected sideways movement within the $27,000-$28,000 range for the week. The weekly chart reveals low trading volume, suggesting that Bitcoin is likely consolidating without major fluctuations.
Buyers may anticipate a midterm reversal if Bitcoin can ascend and maintain a value above the $29,000 threshold. As of Thursday, Bitcoin is valued at $27,593.
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Source: Cryptocurrency - investing.com
