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Bitcoin Price Under Pressure: What's Happening in the Cryptocurrency Market?

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by Giorgi Kostiuk

a day ago


The price of Bitcoin stands at approximately $83,300, despite fluctuations and external economic factors.

Bitcoin's Market Position

The Bitcoin price fluctuates around $83,300, having dipped to $82,379 in the last 24 hours. Despite concerns, U.S. stock markets did not crash as feared, yet the prevailing negativity remains.

Cryptocurrency Trends

EOS stands out among altcoins, showing positive trends compared to many others. Altcoins like PENDLE, ATOM, and OKB are also expected to perform well, whereas IMX, IP, BERA, JUP, and JTO continue to decline, with losses exceeding 20%.

Potential Price Directions

Experts suggest that if Bitcoin does not fall below $77,000, there might be an opportunity for growth. Bitcoin's price may rise if it closes above $87,000; otherwise, a test at $76,850 is possible.

In light of uncertainty and fluctuations in the external market, Bitcoin's future price remains uncertain, with potential scenarios for both growth and decline.

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