Bitcoin Range-Bound

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Bitcoin is holding a narrow range in between 45K and 48.9K. We are currently establishing value in the mid/upper 40K handle which is a good sign for BTC that it has not considered testing the lower 40K's or upper 30K's again. The longer we hold this range, however, the more likely a breakout will become. We could see support from 43.8K or 41.9K if we break down. Watch that vacuum zone below. If we break out, our next target is 49.7K