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Bitcoin Dips Below $81K, Bear Run in Question

Bitcoin Dips Below $81K, Bear Run in Question

Published 2 weeks, 4 days ago
Description

Bitcoins price dipped below $81,000, testing the key $83,300 two-hundred-day simple moving average, with the crypto market bleeding red. Despite historical instances of Bitcoin faking out this level, support is building from softer oil, gold records, steady ETF inflows, and better on-chain action. Analysts highlight spot buyers chasing highs, shrinking exchange supplies, and cool derivatives as key support. The pullback is seen as a breather after overbought RSI, with macro factors like low Treasury yields and Nasdaq futures near highs keeping eyes open.

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