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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Bitcoin bulls should not get too euphoric despite price discovery just beginning, as some traders say the bull market is almost over. Key points: Bitcoin all-time highs matter little to those seeing a BTC price correction as long overdue. Both the latest surge and the bull market itself are on borrowed time, traders say. Comparisons…
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