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The question on everyone’s mind these days is “Have we hit the bottom yet?” Bitcoin has been trading basically sideways for a few weeks. Investors have been expecting a bounce, but that has yet to happen.
Bitcoin has been moving toward a correction, but has yet to rally. The coin has been maintaining above the support level of $6000, but has not made the jump into bull territory. If we see Bitcoin rise above the resistance level of $6400, we may see a break out.
Many investors seem a bit weary after waiting almost 6 months for a Bitcoin Bull run.