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Analyzing Bitcoin’s potential price-levels, given these market conditions
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Corrections are a part of any bullish market and the majority of Bitcoin investors are presently expecting BTC to recover from its current position. While the short-term action seems healthy at the moment, the daily chart had a mild bearish confirmation. This means there is a possibility of further drawdowns in the market.
Keeping the article with a specific point of understanding correction levels, it is important to note the recoveries may take place anytime. The present data set isn’t indicative of future trends or directions.
Source: CryptoQuant.com
Since the beginning of 2020, Bitcoin’s bullish rally has identified different zones of liquidity based on market and on-chain volumes. These levels essentially underline the strong range of
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