Bitcoin Continues a Sideways Movement and Recovers Above $30,000

Bitcoin (BTC) price survived another downtrend on June 7 as bulls bought the dips. On June 7, the bears broke the 21-day line SMA, as Bitcoin fell to the low of $29,174. Bulls immediately bought the dips as Bitcoin rallied above the 21-day line SMA. Buyers will try to retest or break the high at $32,407.

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