Bitcoin has established a strong consolidation range

Bitcoin keeps trading in its narrow and strong consolidation range, hovering between $18k and $24k for more than one month.

The bitcoin price steadily increased over the past two weeks but met resistance at $24k. After not managing to establish itself above this level, the bitcoin price fell to $21k.

Bitcoin is in a local falling trend but has strong support at $19k, a price level it has rebounded from on multiple occasions over the past month.

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