CoinCodex: Bitcoin Poised for a Breakout as Exchange Outflows Surge and the Fed Caps Rate Hikes
Bitcoin’s trading range has considerably narrowed in recent days as the price of the world’s oldest crypto has been bouncing between $38,000 and $42,000 throughout the week. According to market research firm Glassnode, the narrowing of the trading channel might be a signal that the pressure is building for Bitcoin to exit its 2022 slump.
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