Bitcoin's Price Approaching Crucial Area, Signals Bearish Outlook: Technical and On-Chain Analysis

07/17 15:30

Bitcoin's price has been volatile and is approaching a crucial area, with the overall price action signalling a bearish outlook. The daily chart shows the formation of a bearish double-top pattern near the major resistance region of $30K, with significant dynamic resistance from the middle-trendline of the ascending channel hindering further price appreciation.
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