Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market

by Aurelia Butler 9 December 2021, 21:40 159 Views

Data from Cointelegraph Markets Pro and TradingView shows that the early morning defense of the $50,000 support level was overwhelmed by sellers and according to independent market analyst Ben Lilly, bids at underlying support levels are not inspiring much confidence from bulls.

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Source: Cryptocurrency - investing.com

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Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market

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