Bitcoin Traders Face -14% Loss, But Selling May Be Easing – Details
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Bitcoin is experiencing significant market pressure with traders facing an average unrealized loss of -13.86%. The cryptocurrency is struggling to break above key resistance levels around $88,000-$90,000, with macroeconomic uncertainties and global market volatility contributing to the challenging trading environment.
March 23, 2025 | 12:45 pm
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Bitcoin is trading in a narrow range between $81,000-$87,000, with traders anticipating a potential breakout. Historically, current loss levels might signal a market bottom.
The article suggests Bitcoin is at a pivotal moment. Traders are experiencing significant losses, but this could also indicate a potential market reversal. Breaking above $88,000 is crucial for restoring bullish sentiment.
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