The price of Bitcoin has been consolidating in a narrow range, making it difficult to determine whether it will recover or experience a deeper correction. The market remains above the 200-day moving average but has shown bearish momentum. A symmetrical triangle pattern has formed on the 4-hour chart, indicating a potential bearish move. The BTC exchange reserve has dropped recently, but there has been a slight increase, suggesting uncertainty and lack of conviction among market participants for a price rally in the short-term.



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