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BTC/USD staged a good recovery on Thursday. However, the upside momentum faded away on approach to $10,700 barrier. The longer-term bullish target of...
BTC/USD staged a good recovery on Thursday. However, the upside momentum faded away on approach to $10,700 barrier. The longer-term bullish target of $11,000 is still out of reach, while a slow market activity suggests that we are in for another period of consolidation in a new range.
Bitcoin confluence levels
There are some important technical barriers, both above and below the current price. It means that the first digital asset might need new catalysts to proceed with the recovery.
Let's have a closer look at the barriers that might influence Bitcoin's movements in the short run.
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