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Day May 27, 2023

Bitcoin’s Range-Bound Movement: Key Levels and Market Sentiment Indicators

Bitcoin’s price remains trapped within a narrow range after falling below the 50-day moving average, creating uncertainty regarding its next significant move. Meanwhile, on-chain metrics indicate heightened selling activity from miners, which could further influence price direction. Daily Chart OverviewBitcoin’s price continues to consolidate without notable movements on the daily…

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