source avatarArdi

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Once again, we saw the $BTC rally top out at the Bear Market Resistance Band around $79K. That now makes two consecutive ranges where this marker has acted as the rejection point. On the bright side, in every bear market BTC has had, price has eventually produced an extended rally through this band. At some point in this cycle, I would expect that move to occur. But for bulls, the ideal outcome is that price bounces here and that happens from this range, rather than from a much lower level later in the year.

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