Bitcoin Price Plunges as Bulls Fail to Break One Crucial Level; What’s Next?

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It has been a rocky past few days for Bitcoin, with the crypto seeing mixed price action that has muddied the clarity that investors previously had regarding its trend The selling pressure it has been facing over the past few days and weeks has been quite intense, making it increasingly unclear as to where it may trend in the days and weeks ahead One trader explained in a recent tweet that he is now watching for some notable downside, explaining that BTC has been unable to break below a key resistance level Assuming that this descending resistance continues holding, it could result in the entire market seeing significantly further downside Bitcoin has been leading the entire market to see mixed price action. While altcoins have thrived during Bitcoin’s period of sideways trading, BTC has been largely unable to gain any clear trend. One factor to consider is the speed at…

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