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Bitcoin buyers could maintain support above $36K.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Bitcoin is under pressure, although buyers could return for a brief bounce.
Bitcoin dipped below $40K as traders digest proposed crypto taxes.
The weekly chart is holding support and could signal a return of positive momentum this month.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.
Lower support near $34,000 could stabilize the pullback into the weekend.
Analysts see the cryptocurrency's price as remaining range-bound.
Lower support is seen around $34,000-$36,000, which is the middle of a two-month range.