Bitcoin Breaking Below These Two Levels May Suggest the Bull Trend Is Over

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Bitcoin has struggled over recent days, falling below the pivotal supports at $11,500 and $11,700. As of this article’s writing, the leading cryptocurrency trades for $11,450, posting a 3% loss in the past 24 hours. It is actually outperforming most altcoins, which have lost all momentum due to a rush for safety in BTC. Bitcoin is not yet in a medium to long-term bear trend, but the asset will enter one if it loses these two technical levels. Analysts are hopeful, though, that BTC will hold the lower level at the very least. Bitcoin managing to bounce off this level may confirm the existence of a medium-term bull trend, Bitcoin on the Verge of Losing the Bull Trend? Bitcoin has slipped over the past 72 hours. After peaking at $12,500 on Monday, the asset has slipped lower and lower, now trading for $11,450. This isn’t much than it was just…

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