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Day May 9, 2023

Bitcoin Price Action Analysis: Consolidation, Bearish Risk, and Potential Bounce

Bitcoin’s price, which has been on an upward trajectory since the start of 2023, is now signaling a potential reversal after failing to break above the critical $30K resistance level. Daily Chart OverviewFollowing its rejection at $30K, Bitcoin has entered a consolidation phase. The 50-day moving average, which had been…

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