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The BTC prices lowered to the middle of the range only confirming the consolidation. We have not been any major reason for the buoyancy and the move over the last week, there has not been any major fundamentals or economic news over the last 24 hours to push the prices lower but as a continuation of the consolidation, we they are looking to the top of the bulls who were looking to push higher and make a statement to the other traders.
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The bulls do not need to be that sort of momentum and for this, they need to be the signs of strength and signs that the bulls are in control and the range would be broken sometime soon to enter the market full of confidence. That has not happened so far and that is why we are going to be going to be there soon and so soon breaks out sometime soon and also hope that the volatility is back.
The ETH market continues to be the case in the BTC prices and the ETH prices continue to trade above the $ 200 region as of this writing. The ETH prices have been boosted to the future.
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It is no surprise if it continues to consolidate and range over the next 24 hours as well as with the lack of fundamental drivers in the market. The range of traders are likely to rule the roost for now while the long term traders accumulate and wait on the sidelines.
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