It’s a dip, but it won’t last forever. After Bitcoin dropped below the $42K mark, analysts believe that a move to the upside is “the most probable outcome eventually”.
"It is our view that we may need to see some further ranging between $44,000 and potentially $38,000 before an eventual breakout. This ranging is likely to cause more pain and misery for any traders who try to impatiently front-run major moves before they are ready," the update summarized.
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