Skyboxpips

Bitcoin (BTC) is back near $69k

FX:BTCUSD   Bitcoin
Hello Traders,

We all experience the bitcoin bull run for the previous months. Bitcoin reached the all-time high at 69K before facing a resistance level

Bitcoin is consolidating at 69K level.

We may experience bitcoin continue to the buy-side breaking and closing above the $70k level.

On the weekly timeframe, there is a lot of wicks indicating that sellers are at the $70k level

Do you think Bitcoin will overcome the sell pressure and break in the $70k price range or will this be the roof of the bull run? Share your thoughts

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