Bitcoin To Retest $85,000 As Bearish Technicals And On-Chain Weakness Align
The Bitcoin market stands at a critical juncture, as it currently hovers above its $85,000 psychological level. Aside from its psychological validity, this key support also appears to hold technical importance. Hence, its strength could be tested before the market shows directional momentum. However, a recent analysis has surfaced that paints a grim picture for the flagship cryptocurrency’s future.
Descending Triangle Forms Near $85,000 Support
In a recent post made on QuickTake, Cry
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