Bitcoin Loses Critical Level Below $23,000, Bears Prepare For New Assault?

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Bitcoin has been slowly trending to the downside over this week. The first cryptocurrency by market cap seems to have lost momentum as uncertainty spills into the crypto market from legacy markets. At the time of writing, Bitcoin trades at $22,600 with a 4% loss in the last 24 hours and a 1.2% loss over the past seven days. BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview The cryptocurrency has lost its 200 days simple moving average (SMA) at $22,800. In the sh ...

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