“Bitcoin bounces around in an ascending channel, hitting its three-week upper resistance of $37.8K on Wednesday evening. An intensifying sell-off thwarts attempts to heat the price, but the pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment,” Alex Kuptsikevich, a senior market analyst at FxPro, said in an email.
BTC Price’s 3-Week Consolidation Under $38K Builds Bullish Sentiment
