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Crypto

Bitcoin Bulls Face $83K Resistance

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BTC
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Bitcoin's momentum has surged in recent days, as evidenced by its Bull Score indicator jumping sharply from 30 to 80 points within a week. This indicates a strong bullish reversal for the cryptocurrency.

However, despite this positive trend, Bitcoin faces significant resistance at its 365-day simple moving average, which stands at $83,000. This level could act as a major hurdle for further price gains.

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