Bitcoin price stuck in a range as bulls plan to ace the tug of war for upswing past $60,000

Bitcoin knocks at the Bollinger band middle boundary resistance while nurturing a new uptrend. A falling wedge pattern points at BTC potential breakout above $60,000. The hurdle at the 100 SMA on the four-hour chart could lead to an increase in overhead pressure. Bitcoin slumped to $56,000 on Wednesday following widespread declines in the market.

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Author: toutiao