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These Simple Factors Show the Bitcoin Bottom is In, But Bulls Aren’t in the Clear Yet

These Simple Factors Show the Bitcoin Bottom is In, But Bulls Aren’t in the Clear Yet

After multiple failed attempts to break above the heavy resistance that Bitcoin has faces around $6,900, the benchmark cryptocurrency has once again fallen into a bout of sideways trading around $6,600. This consolidation phase is also occurring against a backdrop of bullishness within the traditional markets, with BTC being fully exposed to the downside of the stock market but not exposed to all of its upside.




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