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Bitcoin (BTC) Resilience Pauses But Not Out of Woods Yet

Bitcoin (BTC) Resilience Pauses But Not Out of Woods Yet | NewsBTC

Bitcoin price is consolidating gains above the $7,400 and $7,295 support levels against the US Dollar. The price is likely to accelerate higher once it clears the $7,600 and $7,700 resistance levels. There is a key declining channel forming with resistance near $7,610 on the hourly chart of the BTC/USD pair (data feed from Kraken).