BTC/USD traded in a range of $46,080.40 – $47,028.28, indicating a moderate amount of volatility.
Consolidation followed later in the week, eventually leading to a quick drop below $45,000 previous resistance turned support.
However, yesterday’s spike higher resulted in a rejection around $47,000.
Bitcoin price analysis is bearish today as we have seen sharp rejection at $47,000 and slightly bearish consolidation formed since this morning.
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