Bitcoin (BTC) continues to face strong resistance near the $83,000 level, raising concerns among traders that another major market downturn could be approaching. Despite recent weakness, crypto research firm K33 believes the current Bitcoin cycle differs significantly from previous bear market collapses seen in 2014, 2018, and 2022. BTC recently failed to break above its 200-day moving average, a technical level many investors closely monitor. In past cycles, similar rejections triggered sharp selloffs after highly leveraged rallies collapsed. However, K33 Research says the present market… Read more
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