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Bitcoin Could Unlock New Local Highs if This Happens: CryptoQuant

  • Bitcoin touched a price height of $64,000 before retracing below $62,000.
  • CryptoQuant analyst believes that maintaining stability in critical psychological zones is crucial for the continuation of bull markets.
  • Bitcoin's current price levels are now testing the zone of optimism, indicating potential for new local highs.
  • Talks about the US government selling seized Bitcoin could trigger a bearish trend in the market.

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