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

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(BTC) bulls are nonetheless hoping for a serious breakout however in the meanwhile, bears are making use of stress and protecting the digital asset pinned beneath $61,000.

Knowledge from Cointelegraph Markets Professional and TradingView exhibits that an early morning breakout by bulls to make a run above $62,000 was met with a powerful defensive position from the bears who handily rejected the try.

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