Bitcoin’s lower support retest was bought up by bulls, preparing BTC for another push to $40,000.
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Bitcoin bulls fight to hold the $40,000 level as support while many altcoins sell-off due to profit taking.
Bitcoin’s move above $40,000 and the strong double-digit rallies of multiple altcoins prove bulls are running the show.
Bitcoin bulls obliterated the $28,500 resistance with a high volume surge but the $30,000 level could still pose a challenge.
Bulls are keen to buy each Bitcoin price dip but is this enough to avoid repeat sell-offs at $19,500?
Bitcoin’s bullish move above $19,300 is pulling select altcoins closer to their key overhead resistance levels.
Bitcoin price ended its consolidation phase by closing below $18,300 but will traders buy the dip?
Declining volume and resistance at $19,500 are pinning Bitcoin price into a tightening range.