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Bitcoin Faces Major Test at $70K
Published 3 days, 7 hours ago
Description
Bitcoins 200-day moving average remains unbroken, with the price dropping to around $77,000. CryptoQuants Bull Score Index has plummeted to 20, indicating extreme bearishness. Lack of demand is evident in negative Coinbase premium and stagnant Bitcoin ETFs. The $7,000 mark is now a major support level, and a deeper correction is possible if Bitcoin fails to stabilize.
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