Bitcoin has Yet to Shatter Its Key Trading Range as Strength Wobbles

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Bitcoin and the entire crypto market saw a wild day yesterday, with strong bids sending most major crypto asset’s flying higher Some of these gains were erased today, with bulls losing their edge over the market as bears try to regain control The recent downtrend has been accelerating rather quickly, but bulls do seem to be building some support in the lower-$36,000 region And dip below here could be a grim sign for the entire market’s near-term outlook One trader said in a recent tweet that this rejection wasn’t too surprising, as BTC rejected at the top of a long-held trading range It has yet to break out of this range firmly but could soon do so if bears are unable to extend the ongoing downwards momentum throughout the rest of the day Bitcoin has seen some mixed price action as of late, with bulls aggressively budding it higher yesterday…

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