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Coin Telegraph
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How long will Bitcoin’s price consolidation last?
- Bitcoin has been consolidating within a range of $91,700-$94,490 since April 22.
- Negative funding rates and rising open interest suggest the possibility of a short squeeze.
- For the consolidation to end, Bitcoin needs to establish $95,000 as new support.
- A breakout above $94,000 and $95,000 resistance levels could lead to further upside.
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