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Tag: bear market resistance

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Bitcoin risks slump after hitting ‘major bear market resistance’: CryptoQuant

Bitcoin’s rally may reverse as its price has hit a historic resistance level and traders appear to already be taking profits, said CryptoQuant in a note on Wednesday. Bitcoin is at risk of falling into a downtrend after its price hit a key historical “major bear market resistance level” based on its 200-day moving average,…
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