Bitcoin Technical Analysis: Bulls Held Back by Selling Pressure and Key Resistance
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As of July 12, 2024, Bitcoin's price exhibits a clear bearish trend across multiple timeframes. The price is currently $57,237, encountering significant intraday ranges from $56,608 to $59,516. On the 1-hour chart, Bitcoin shows a decline from a high of $59,516, forming lower highs and lower lows, indicative of a bearish trend.
Source: news.bitcoin.com ↗
