Since Russia began its unprovoked attack, bitcon has risen and dipped within the $37,000 to $45,000 price range that it entered in late January. “It’s been another range-bound, indecisive week for Bitcoin and the crypto markets where the market leader has failed to make any meaningful headway on the upside,” wrote Joe DiPasquale, the CEO of fund manager BitBull Capital, in a text to CoinDesk. He added: “The current price action is typical during bearish phases, as was seen in May, June and July, and often precedes strong price bottoms.”
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