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Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target

Published 11/05/2021, 04:53 PM
Updated 11/06/2021, 09:00 AM
© Reuters.

Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000.

Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to make a run above $62,000 was met with a strong defensive line from the bears who handily rejected the attempt.

BTC/USDT 4-hour chart. Source: TradingView
BTC/USD 1-week chart. Source: Twitter (NYSE:TWTR)
BTC/USDT 1-day chart. Source: Twitter
BTC/USDT 4-hour chart. Source: Twitter

Continue Reading on Coin Telegraph

Latest comments

Laser eyes here until $100K
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