Against the Wall
Intermediate
Daily Bits
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Numbers don’t lie, or do they? The price of BTC failed to rise above the $58k resistance due to market fatigue and started a fresh decline. As of 04:00 UTC, its decline extended below the $55k support and continued to trade below the 100-hourly moving average. On-chain data suggests that very few bought in between the current price level and $51k, whereas $47k is a reliable support level because many entered there. Could the price dip further to touch its support before starting another upward charge?