Why Bitcoin analysts are expecting weeks of consolidation or correction
BTC $19,213 (-0.9%) • ETH $590 (-2%) • XRP $0.60 (-1.7%)
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The price of Bitcoin is still hovering over $19,000, but on-chain analysts expect weeks of consolidation or a correction to occur.
Bitcoin has shown resilience in recent weeks, yet has struggled to break past the all-time high at $20,000 with strength.
With many sell orders stacked up between $19,500 and $20,000, analysts expect consolidation to occur.
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