Bitcoin’s trading range tightens below $20,000

The trading range for bitcoin is tightening even more this week, with bitcoin mostly trading between $19k and $20k. Bitcoin briefly touched levels below $18.5k for the first time in three weeks but quickly recovered.

We’re sticking to the same analysis for the third week in a row as bitcoin’s trading range tightens even more this week. Bitcoin has mostly been trading between $19,000 and $19,500 over the past week, except for a 24-hour window last Thursday.

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