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Bitcoin Holds Short-Term Support; Faces Resistance at $40K

Bitcoin Holds Minor Support; Faces Resistance at $40K – CoinDesk

BTC held minor support along a series of lower price highs. Upside appears limited going into the weekend. Bitcoin ( BTC) is stuck in a consolidation phase after a volatile May. A nearly 13% rise on Wednesday was short-lived as buyers took profits. There is strong resistance near $40,000 despite oversold readings on the daily chart.








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