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Day January 16, 2023

Bitcoin’s Short-Term Outlook: Technical Patterns and On-Chain Signals

Bitcoin’s price has been on an impressive rally, having surpassed both the 50 and 100-day moving averages. It has also broken through the upper trendline of its wedge pattern and reached a significant resistance level around $21.5K. The price momentum is notable, but the market now faces a critical challenge:…

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