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Bitcoin Rangebound Near $50K Resistance; Support at $40K

Bitcoin (BTC) is stuck in a sideways range as the short-squeeze rally takes a breather. Buyers could start to take profits ahead of the $50,000 resistance level, although support around $40,000-$42,000 could stabilize a pullback.

The world’s largest cryptocurrency by market value was trading around $46,900 at press time and is roughly flat over the past week.

Source: CoinDesk

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