Bitcoin has consolidated around the $18,000 price level since June 2022. Today, it reached above $19,500, making some investors excited at the prospect of it breaking out above $20,000. After setting its all-time high (ATH) of $69,000 in November 2021 and then losing 73% of its value, Bitcoin has found strong support at the $18,000 price level. It has retested its previous ATH set in 2018 and needs to hold that level if we hope to see higher lows form....
Bitcoin has consolidated around the $18,000 price level since June 2022. Today, it reached above $19,500, making some investors excited at the prospect of it breaking out above $20,000. After setting its all-time high (ATH) of $69,000 in November 2021 and then losing 73% of its value, Bitcoin has found strong support at the $18,000 price level. It has retested its previous ATH set in 2018 and needs to hold that level if we hope to see higher lows form....
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