Bitsky000

06/19 15:26

Where Could BTC Bottom After Breaking Below Key As

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Where Could BTC Bottom After Breaking Below Key Ascending Channel? (Bitcoin Price Analysis) Bitcoin is still under heavy selling pressure after breaking below a significant rising channel that had been guiding the price action since February, and there seems to be little stopping the asset from dropping lower. The latest rejection from a short-term resistance has accelerated downside momentum once again and is pushing BTC back toward the key demand zone around $60K. Meanwhile, on-chain data suggest that long-term holders are realizing losses, reflecting a notable shift in market dynamics. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin has decisively broken below the large ascending channel that contained the price action for nearly four months. 

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