Bitcoin faced an unfortunate selloff to the lower bound of the range it has been holding. We faced a sharp selloff from just below $30K back down to $28.8K. We anticipate further support from $27.9K if needed, but after that there is a vacuum zone down to $25K, the low of the selloff on the 12th. If we find support here, Bitcoin has been struggling with regaining $30K, and we expect this to continue until we see more momentum come through. But we have been holding this narrow range of less than $4K for over two weeks now. If we are able to break out, then $31K seems to be a hard upper bound for now, with $34K an absolute ceiling.
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