Key points:
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Bitcoin is finding buying support below the $107,000 level, but the relief rally is likely to be sold into.
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Several altcoins have reached strong support levels, but the lack of a solid rebound suggests the downward pressure may continue for a while.
Bitcoin (BTC) remains under pressure as bears attempt to maintain the price below the strong $107,000 support level. The fall indicates a negative sentiment, with dip buyers staying away due to credit concerns in US regional…
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