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Bitcoin Stalls at $67K: Is $74,500 the Make-or-Break Level for a Bull Market Revival?
ETF demand is easing at the margin, Bitcoin derivatives indicate deep-seated concern, and on-chain data puts the key battleground squarely around $74,500, the average cost basis of millions of investors currently sitting at a loss, despite a strong rebound from Tuesday’s $62,400 low. chart After hitting a local low of $62,400 on Tuesday, Bitcoin has recovered significantly, and as of this writing, it is trading above $67,000 after a 7.45% rebound. The recovery followed two days in a row of positive inflows into US-listed Bitcoin ETFs, which brought in a total of $764 million. This helped to partially reverse the ... (full story)
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