Bitcoin Stalls at $77K Amid Profit-Taking
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Bitcoin's repeated attempts to breach the $77,000 resistance level have been met with profit-taking and cautious trader behavior, limiting the momentum of each breakout. While the surge to $77K has pressured short sellers, the absence of significant spot buying and long leverage caps the upside, suggesting that a decisive breakout may require stronger conviction from bulls. Market participants are monitoring whether increased accumulation can sustain the rally or if consolidation will persist.
Read full article on CoinTelegraph
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