Bitcoin rally pauses at $23,400 as investors digest better-than-expected jobs data Bitcoin BTC Bitcoinprice
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Many analysts interpreted the pause in BTCs climb higher as a good sign as no market goes up indefinitely, and regular corrections and consolidation periods are part of a healthy market cycle. Data provided by TradingView shows that Bitcoin price oscillated between a low of $23,215 and a high of $23,725 in trading on Friday, with bulls and bears duking it out at the $23,400 support level at the time of writing, a decline of 1.35% on the daily chart.
And for the more visually inclined, Into the Cryptoverse newsletter founder Benjamin Cowen posted the following tweet, which includes a graph of the previous Bitcoin cycles that shows that BTC still has a long way to go before it tops out.2021-present pic.twitter.com/KzfrogQhZd
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