Taker-Driven Dumps Cool Off As Bitcoin Shows Early Signs Of Recovery – Analyst
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Bitcoin is experiencing significant volatility, trading around $84,000 after losing key moving average support. While bearish momentum is strong, on-chain data suggests potential signs of accumulation and seller exhaustion. Investors are closely watching whether the current support levels will hold or if a deeper correction is imminent.
March 29, 2025 | 1:45 pm
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Bitcoin is at a crucial juncture, trading below $90,000 with key technical indicators suggesting bearish momentum. Analysts note potential signs of seller exhaustion and early accumulation signals.
Bitcoin is experiencing significant selling pressure, having broken below key moving averages. The $84,000 level is crucial support, and failure to hold this could trigger further downside. On-chain metrics suggest potential bottoming, but short-term trend remains bearish.
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