Bitcoin Rally Cut Short as Profit-Taking Rises, US Demand Falls: CryptoQuant – Decrypt
In brief Bitcoin’s price recently fell short of topping its 200-day moving average, the average closing price over the period. The move mirrors its activity during 2022, which preceded a significant drop in the price. Nevertheless, BTC is still well above a key support level around $70,000 as it trades below $80,000 on Wednesday. Bitcoin...
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