Bull Trend May End of Bitcoin Price Falls Under $7,800: Indicator Shows

Over the past few days, Bitcoin (BTC) has finally started to settle in a fixed price range, finding itself trading in the low-$8,000s. For now, the cryptocurrency seems directionless, stuck between resistances and supports above and below.
However, it is important to note that Bitcoin is edging very near to a key historical level, one that may reveal if BTC is in a macro bull or bear trend.
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