Selling has been increasing over the past week, led by forced selling due to longs being liquidated. Volume has been dominated by sellers and is almost 3x above its average and has increased over the last 5 days with a 1 sigma event, two 2 sigma events, and culminating in a 3 sigma event over the past 24 hours. This has brought Bitcoin down to its current support level at $62,500, and price has been bouncing around there for the past 24 hours as buyers step in to arrest this recent decline and try to put in a floor. Let's see if support can remain as support. #Crypto #Bitcoin #Volume #Support #Resistance
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