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Crypto analysts see strong bull case for Bitcoin after Binance settlement
Bitcoin (BTC) bulls are in recovery mode on Wednesday after the top crypto experienced a sell-off on Tuesday that dropped it to a low of $35,635 – a move that analysts have called a retest of the previous support/resistance level that was flipped when BTC climbed above $35,500 on Nov. 8. The source of the pullback was the legal developments related to Binance and its now-former CEO Changpeng Zhao (CZ), who pleaded guilty to several charges levied by the U.S. Department of Justice. As part of the deal, CZ stepped down as CEO of Binance and will pay a $50 million fine, while the exchange will pay fines totaling $4.3 ... (full story)