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3 reasons why Bitcoin traders say a BTC price trend reversal is overdue
Bitcoin price is down 1.85% over the last 24 hours and currently trades 17% below its all-time high of $73,835 reached on March 14. Despite this performance, the technical setup, whale activity and on-chain data show that Bitcoin traders believe a trend reversal toward news highs could be in the making. Bitcoin price retests key support areas Data from Cointelegraph Markets Pro and TradingView shows Bitcoin price oscillating between $60,648 and $62,800 over the last 24 hours. Bitcoin’s monthly chart shows the current price range is retesting an area that acted as a resistance when the BTC hit previous all-time ... (full story)