Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes
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Bitcoin faced a significant rejection at the $62,498 resistance level, highlighting the strength of bearish dominance. This failure raises concerns about potential downward trends and prompts traders and investors to reassess market strategies. Technical indicators and chart analyses suggest continued bearish pressure. Potential scenarios include a drop to $58,523 support or a move upward to $64,515 if support holds.
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