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Bitcoin Slams into Resistance, Analysts Warn Bear Market
Published 1 week, 6 days ago
Description
Bitcoin faces potential bear market as it hits resistance at $82,400, with unrealized profits peaking at 17.7% and daily realized profits spiking to $1.2 billion. Inflation jitters and US producer prices jumping 1.4% in April add to market uncertainty. Support lies around $70,000, but bulls like Arthur Hayes bet on a push past $126,000 amid money printing and global chaos.
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