Bitcoin (BTC) attempted to close above a key resistance zone last week after briefly spiking to roughly $93,300. However, BTC failed to stop a mean-reversion trend, with the price dropping below $85,000 on Monday.
Key takeaways:
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Bitcoin’s inability to close above $93,000 invalidated the confirmation of a bullish trend reversal.
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Without fresh spot demand, Bitcoin could range between $80,600 and $96,000 until one of those levels is…
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