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Bitcoin Breaks Resistance Levels, Analyst Sees End of Bear Market

Guavy AI Editorial Team
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BTC
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Bitcoin's price has surged by 25% in just a few days, breaking above several key resistance levels and sparking strong momentum across crypto markets. The cryptocurrency neared $80,000 as investors regained confidence in the asset.

An analyst believes that this rally signals the end of the bear market and marks the beginning of a 'Soft Bull Market' for Bitcoin, implying renewed adoption and bullish sentiment.

The 24-hour spot volume exceeded $37.68 billion, with an increase of 1.94%, indicating significant buying pressure.

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