Bitcoin has been trading in a very tight range for the past week, showing little volatility and movement. This period of consolidation typically suggests that the market is indecisive, with neither bulls nor bears managing to take control. However, today there seems to be a bit more momentum, ano it looks like Bitcoin might be preparing to break out of this range, potentially breaching the upper boundary.
If the price manages to break through this resistance, we could see an acceleration towards higher levels, with a potential target around 68k.
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