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7/10

Bitcoin Breaks Key Support Levels as Glassnode Warns of Bearish Momentum

news.detail.publishedAt 11 days ago
1 news.detail.readingTime

Bitcoin has experienced a significant technical breakdown, falling below the critical "True Market Mean" level. According to the latest report from blockchain analytics firm Glassnode, the outlook for the world's largest digital asset remains grim as sellers gain control of the market. The price is currently trending toward the $55,000 "Realized Price" mark, which serves as a major on-chain support threshold. This shift in momentum follows a failure to maintain previous support levels, signaling a potential for further downside in the near term. Investors are closely monitoring these technical indicators as the broader crypto market faces increased pressure. The current price action confirms a bearish shift for BTC/USD as it tests deeper liquidity zones.

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BTC/USDETH/USDCOINMARA
news.detail.sourcesSection:thecurrencyanalytics.com