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Bitcoin Technical Analysis: Path to $58K Blocked by Heavy Resistance at $56,000 Bitcoin.com 2 weeks ago

Bitcoin Technical Analysis: Path to $58K Blocked by Heavy Resistance at $56,000 📉

Bitcoin

On September 9, 2024, Bitcoin traded at $55,321, rebounding from recent lows but facing substantial resistance around the $56,000 mark.

Technical indicators like oscillators and moving averages show mixed signals, creating uncertainty between buy and sell actions.

Bitcoin's short-term recovery saw prices rise from $53,636 on September 8 to $55,614.

Source: news.bitcoin.com ↗

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