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Bitcoin’s price has once again been supported at a key level. However, the downtrend may not be over yet, as there are some very bearish signs on the chart.
Technical Analysis
By Edris
The Daily Chart
On the daily timeframe, the price has been grappling with the $25K support level for quite a while now. It has rejected the price once more, and the market is seemingly targeting the 50-day and 200-day moving averages.
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