Bitcoin price drops 3% as analyst warns bulls lack 'momentum' to flip $69K

Bitcoin analysis warned that the $69,000 mark may end up as long-term resistance again, thanks to its significance in BTC price history.

Bitcoin (BTC) hit new week-to-date lows on Wednesday as $66,500 came into focus.

Key points:

Bitcoin is trading in a key historical zone, but buyer pressure is too weak to break resistance.

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