Rejected once again as it attempted to reclaim the $40,000 area, Bitcoin trades just north of $39,000.
In higher timeframes, Bitcoin seems trapped between the low $30,000s and the high $60,000s.
In that sense, Martinez advised traders to stay cautious as Bitcoin rarely does what the majority expects.
The benchmark crypto then proceeded to move upwards, but with little support at its current levels in case of a fresh increase in selling pressure until $38,000.
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