Bitcoin took a breather on Tuesday after a near-20% price rally over the past few days. The cryptocurrency declined from $40,000 resistance as Amazon denied rumors it will accept bitcoin payments. Bitcoin was trading around $37,000 at press time and is down about 4% over the past 24 hours.
Technical data suggests lower support around $34,000 could stabilize the current pullback.
“Going forward, we expect bitcoin to keep pushing higher and test the upper end of the $30,000-$42,000 trading…
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