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Bitcoin breaks out of the sideways price range

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Bitcoin cryptocurrency recently broke above the key resistance level 31150.00 (which is the upper border of the narrow sideways price range inside which the price has been moving from the middle of May, as can be seen below). The breakout of the resistance level 31150.00 should add to the bullish pressure on this cryptocurrency in the nearest time.

Given the strongly bullish sentiment that can be seen across the cryptocurrency markets today- Bitcoin cryptocurrency can be expected to rise further toward the next round resistance level 33100.00 (former multi-month support from the end of January)

Last Updated: May 31, 2022

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Bitcoin breaks out of the sideways price range

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