Bitcoin is Defending a Crucial Macro Level as Bulls Show Signs of Strength

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It is growing increasingly clear as to just how important $10,000 is for Bitcoin’s macro price action, as this level has been ardently defended by bulls on multiple occasions BTC has been trading around the level for the past several days, with each dip below it proving to be highly short-lived Bulls’ slight displays of strength whenever the crypto dips below this level are a positive sign for its near-term outlook One analyst is now noting that this price action has allowed Bitcoin to remain above its 128-day moving average The defense of this level seems to indicate that upside may be imminent in the near-term Bitcoin and the entire cryptocurrency market are beginning to stabilize after facing some turbulence over the past few days. Much to the chagrin of bears, the selling pressure around $10,000 has not been enough to spark any type of sustained dip below this key…

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