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Bitcoin enters $26K ‘bearadise’ as BTC price approaches 2-month lows

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $26,100 on Bitstamp - its lowest since March 17. A chart uploaded to Twitter the day before showed principal buy support now around $25,750, with BTC/USD eating liquidity higher overnight. Bitcoin (W)$BTC is currently testing the MA 200 (W). This line marked the bottom in 2015,2019 and 2020. As per the report, multiple traders were already looking for a deeper retracement to $25,000 or lower. 25k$ seems to be the logical level everyone tends to spam the BUY button. These included nominally bullish Jelle, who agreed on the day that Bitcoin may make a “last stab” at the $25,000 mark before reversing.


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