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Bitcoin price looks to resume bull cycle after rising above $34K

Published 01/25/2021, 08:06 AM
Updated 01/25/2021, 09:40 AM
Bitcoin price looks to resume bull cycle after rising above $34K

Bitcoin (BTC) has been consolidating since its recent all-time high at $42,000 and has risen back above $34,000 at the time of writing. The current correction is currently at 30% already, as Bitcoin’s price has bounced from the $30,000 region several times.

However, it remains to be seen whether Bitcoin’s price will start accelerating once again or whether BTC price needs more consolidation to build up strength.

BTC/USDT 3-hour chart. Source: TradingView
BTC/USD 1-week chart. Source: TradingView
Total cryptocurrency market capitalization, 1-week chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView

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i think: bitcoin 30.000 usd . eth 972 usd
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