Bitcoin: A key indicator suggests an imminent reversal, according to CryptoQuant
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Bitcoin is moving within a pivotal zone after crossing 74,000 dollars. Behind this rebound, CryptoQuant's on-chain data reveal a gradual increase in selling pressure, notably driven by whales' activity. Between major technical resistance, BTC inflows to exchanges, and rising profit-taking, the market could quickly shift into a correction phase, with a key threshold identified around 67,600 dollars in case of reversal.
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2h ago•
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bullish:
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bullish:
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bearish:
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bullish:
0
bearish:
0