Bitcoin (BTC) did not move substantially in either direction last week, failing to assert the direction of the trend.
Its failure to break down in the short-term and subsequent bounce could mean that the current movement is not corrective, thus indicating that the low is in. The movement in the next few days will be crucial in determining the future trend.
Weekly consolidation
During the week of June 28-July 5, BTC did not move significantly in either direction. On the contrary, it ranged…
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