Bitcoin Rangebound Nearly $ 50,000 resistance; Support of $ 40,000



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Bitcoin (BTC) is stuck in a sideways range as the short press rally takes a break. Buyers could start taking profit ahead of the $ 50,000 resistance level, although support around $ 40,000 to $ 42,000 could stabilize a pullback.

The world’s largest cryptocurrency was trading around $ 46,900 at the time of publication and has been roughly stable over the past week.

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