Bitcoin Reclaims Key Level Following Yesterday’s Wild “Pump and Dump”

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Bitcoin has seen some wild price action throughout the past few days, with the crypto seeing a “pump and dump” rally that led it to $39,000 before it plummeted to $32,000 This price action shows that there’s a significant number of bears looking to fade BTC’s price action at the moment It has recovered from its lows and is not showing any signs of wanting to collapse much lower, but its price action has been heavy as of late One trader explained that he is now watching for BTC’s reaction to $34,000 throughout the day It is critical that the crypto firmly reclaims this level and establishes it as support Any firm break below it before the daily close could put it in a precarious position Bitcoin and the entire crypto market have been heavy as of late, with BTC and altcoins alike struggling to gain massive momentum due to…

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