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Bitcoin continues to wobble in limbo near the $8200 mark in a 12% range. A break of resistance near the $8500 mark was met with rejection near $8815, near the previous $9000 support. This move may have been a retest providing short entries before a further drop, but the price continues to consolidate near $8300 for now.
Me...
Bitcoin's move that we've all been waiting for finally happened last week. After consolidating for nearly three months, Bitcoin dropped 23% over a few days before finding some stability in the weekly orderblock around $8,000.
This drop may be a shakeout before another move up, but bears currently have the upper hand....
Bitcoin chops in a relatively neutral position, giving both bulls and bears confidence in their positions. The past week's range shows no apparent signs of breaking upward or downward - but the drop in volume suggests that the move is quickly approaching.
Meanwhile, the altcoin marketcap suffered some losses during the las...
