Bitcoin Price Consolidates Near $32,000

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BTCUSDT
Bitcoin has been trading near the $32,000 level for several weeks, forming a cup-and-handle pattern on the weekly charts. This pattern is a bullish indicator, as it typically precedes a breakout to higher prices. If Bitcoin breaks through the cup-and-handle pattern, it could reach $48,000, which is the target price for this pattern. The next support level is $24,500.