-0.14%
Bitcoin continues to frustrate investors with its tight-range consolidation, giving no clue about the possible direction of a breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it happens.
A minor positive in favor of the bulls is that they are holding on to a large part of the gains seen in 2023. That indicates a lack of urgency among the bulls to book profits, as they anticipate the uptrend to resume.
Daily cryptocurrency market performance. Source: Coin360BTC/USDT daily chart. Source: TradingViewETH/USDT daily chart. Source: TradingViewBNB/USDT daily chart. Source: TradingViewXRP/USDT daily chart. Source: TradingViewDOGE/USDT daily chart. Source: TradingViewADA/USDT daily chart. Source: TradingViewSOL/USDT daily chart. Source: TradingViewMATIC/USDT daily chart. Source: TradingViewLTC/USDT daily chart. Source: TradingViewDOT/USDT daily chart. Source: TradingView
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