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Bitcoin Must Reclaim This Level Soon or Risk Slide Toward $50K: Analyst
Summary by CryptoPotato
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4 Articles
Bitcoin retreated after failing to hold above the resistance zone at $82,500. According to analyst Crypto Patel, a strong daily close above $83,000 is needed for the bearish outlook to change. Patel argues that if this level is not breached, $68,000, $62,000, and $50,000 could come back into play. For upward targets, he stipulates that $83,000 must remain as support after the close.
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