ICYMI: here's the main reason why Bitcoin is still below $50,000, according to this analyst BTC $BTC BTCprice
remains in an ascending consolidation pattern for the last two months, showing that the market is still uncertain as to which way it should go and waits for additional signals.
As the provided chart suggests, the first cryptocurrency moves in the rangebound formed since the beginning of February, when the first cryptocurrency was trading at approximately $45,000. After the retrace, BTC hit the local bottom of $37,000 and then went for another run.
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