Bitcoin Loses Momentum at $70K, Eyes Consolidation Before Next Surge
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Bitcoin recently reached a significant milestone in its value, nearing the $70,000 mark. However, the digital currency's momentum was stopped by increased selling pressure at this level. Despite this setback, Bitcoin's price remains above the critical 100-day moving average, suggesting underlying strength.
This stalling indicates a potential consolidation phase, which could serve as a foundation for another upward movement in the future. Traders and investors are now closely monitoring these developments as they await the next surge.
While the immediate trajectory is uncertain, the market shows a cautious optimism that the current consolidation is part of a broader upward trend.
Source: en.coinotag.com ↗
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