Bitcoin in 42-day ‘boredom zone’ — traders debate next move

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Bitcoin may have “more room to run,” or see a “20% decline,” it’s up in the air according to crypto traders.

Bitcoin’s price has sat in the "boredom zone" for over a month, leaving traders guessing about a potential surge or retracement.) has now spent 42 days in the “boredom zone,” and crypto traders are divided over whether it is consolidating for another surge or facing a 20% pullback toward crucial support levels.

Pseudonymous crypto trader Daan Crypto Trades believes Bitcoin is currently in the price discovery phase, where “anything goes really.”

 

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