Bitcoin Upside Fades; Lower Support at $34K – CoinDesk – CoinDesk

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Bitcoin (BTC) has traded sideways over the past two days as buyers faced resistance at $40,000. Slowing momentum on intraday charts suggests an initial pullback towards $38,000, although stronger support is seen at $34,000.

Bitcoin was trading around $39,200 at press time and is up about 7% over the past seven days.

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