Amid Oanda Senior Market Analyst, UK & EMEA Craig Erlam noted bitcoin’s choppiness over the past week after soaring past $47,000. “It’s recovered over the last few days after finding some support around $44,000 but continues to struggle to find much momentum as it approaches last week’s peak,” Erlam said. “It could still build on that breakout but it may be more of a grind than we’ve seen in the past, given the current environment.”

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