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$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level Newsbtc 1 month ago

$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level

On-chain analyst Willy Woo suggests that Bitcoin needs to maintain a price above $59,600 to prevent a bearish trend due to falling selling pressure indicated by Cumulative Volume Delta data. The market's future could hinge on institutional involvement and the launch of Hong Kong's spot Bitcoin ETFs.

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