Bitcoin’s rangebound trading carries on as bears defend $77,000 and bulls hold out near $74,000.
Bitcoin’s (BTC) consolidation continued into a fourth week, with the price finding support at $74,000 and resistance in the $78,000 to $80,000 range. According to Hyblock analysts, the intra-day rally to $78,164 hit a pocket where “longs that had previously opened up (that are in a position) were underwater and likely exited here at breakeven.”
BTC/USDT net positions heatmap. Source: Hyblock
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