Analyst: Bitcoin Pullback Here Would Be “Healthy” and Spark Further Upside

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Bitcoin and the aggregated crypto market have been consolidating throughout the past few days and weeks, with the recent selloff not striking a blow to the market’s structure Where the entire market trends next will depend largely on whether or not buyers or sellers can take firm control of BTC’s price action One trader is now noting that he does expect BTC to see a cooldown throughout the rest of the year He expects the benchmark cryptocurrency to set new all-time highs in 2021, which could mean that the coming six weeks will consist of choppy price action Bitcoin and the entire crypto market have been caught in the throes of an intense bout of sideways trading throughout the past few days. The recent rejection at $18,600 struck a blow to BTC’s momentum and showed that the crypto’s rally had become greatly overheated. This rejection sent BTC spiraling to lows…

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