Bitcoin is Hovering Above a Crucial Level; Here’s What to Watch For

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Bitcoin and the entire crypto market are still caught in the same consolidation phase that they have been trapped within throughout the past few days The market has been struggling to maintain its momentum as its buy-side pressure wanes BTC’s current stability isn’t overtly bearish, however, as it also indicates that sellers don’t have any serious backing at the moment Where the entire market trends next likely depends on Bitcoin, which is currently trading above one crucial level One analyst spoke about this level in a recent tweet, explaining that a defense of this could be all that is needed for it to rally significantly higher Bitcoin is currently hovering around $11,400, just as it has been throughout the past few days and weeks. Its lack of momentum as of late has done little to offer any significant insights into where it might trend next, with buyers and sellers largely…

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