You and Meme Against the World
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Wall of Resistance. On-chain metrics reveal that there are three major ranges of aggregate volume, including the upper $30k region where the price of Bitcoin is currently bound. Resistance on both sides of the range suggests the possibility of a strong move once BTC grabs a $40k-handle. On the flip side, the no man’s land between $20k-30k could turn into a major capitulation zone if the market falls through the $30k support.