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Where to expect Bitcoin's bottom
While the crypto market is experiencing a
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While the crypto market is experiencing a rapid recovery, seemingly preparing for another plunge, Galaxy Digital estimates BTC could eventually fall to $56,000. The firm sees Bitcoin gradually moving toward a major support zone around $56–58k in the coming weeks or months. On the negative side, BTC has already fallen about 38% from its ATH, a clear sign of a bear market. Some 46% of all BTC holders are currently in the red, and the 50?week moving average has been breached, further
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Jakub Novak,
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