BTC Ranging

BTC/USDT,  1h Bullish

Bitcoin has found a local range to consolidate in, shown with the grey area on the chart. The lower end of the range was purged this morning before being regained. I am anticipated at least that to happen for the other side of the range, so any retracements lower within the range are likely to be bought up until the top side of the range is purged.

If the topside of the range is purged, then it’s likely that price makes a run back to all-time highs.


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