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Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?

  • Bitcoin's price was rejected this week, indicating insufficient bullish momentum.
  • Bitcoin faces a substantial support range at $80K, expected to hold the price in the short term.
  • On the daily chart, Bitcoin experienced a rejection after breaking above the 100-day MA, reinforcing bearish sentiment.
  • Bitcoin could continue its decline towards $80K, where price action will determine the next significant move.

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