Bitcoin has seen mixed price action as of late, with bulls and bears largely remaining at odds while the crypto ranges between $30,000 and $40,000
The cryptocurrency has been quite heavy as of late due to the intensity of each of its recent rejections, which has given bears a slight edge
However, $30,000 remains a bedrock support level, and a continued bout of trading above here is bullish for BTC
One trader is now noting that the cryptocurrency could be positioned to see further upside if it can confirm a bullish technical pattern that is forming
If confirmed, he claims that Bitcoin has a solid chance of seeing a move up towards $46,000 in the mid-term
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