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#Bitcoin resistance level

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Bitwise Identifies Two Critical Bitcoin Price Levels That Could Separate Bulls from Bears
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Bitwise Identifies Two Critical Bitcoin Price Levels That Could Separate Bulls from Bears

Key Highlights: Bitwise reports significant divergence among Bitcoin investor cohorts despite current tight price consolidation. Bitcoin exchange-traded fund (ETF) investors face strong technical and cost-basis resistance near the $82,000 level. Market analysts point to the “True Market Mean” at approximately $77,600 and a short-term holder cost basis around $74,800 as critical short-term support lines. Bitwise ...

Bitcoin Hits Resistance: $2.9B in Longs at Risk Below $68,000
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Bitcoin Hits Resistance: $2.9B in Longs at Risk Below $68,000

Bitcoin has surged approximately 40% from its July low of around $57,800, sparking fresh optimism that the cryptocurrency may have established a definitive market bottom after several months of sideways consolidation. On August 27, $BTC was trading near $80,200. However, this impressive recovery has pushed the leading digital asset back into a major overhead resistance ...