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Bitcoin Breaks Key Support, $58,000 Next Target?
- Bitcoin (BTC) is heading towards the next support level of $58,000 after breaching crucial support at $62,150.
- BTC remains above the 200 Exponential Moving Average (EMA), indicating an uptrend.
- On-chain metrics show mildly bullish sentiment with BTC's Long/Short ratio at 1.02.
- 61.36% of top traders hold BTC's long positions, while 38.64% hold short positions.
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