via Cointelegraph · By Cointelegraph Staff
Bitcoin Traders Monitor $74K Support As Sell Pressure Increases
BTC/USDT
$11,104,654,835.87
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
+0.0020%
Longs pay
Bitcoin (BTC) lost its hold on the $80,000 level over the weekend, and data suggest that the cryptocurrency needs to trade above the $74,000-$75,000 range, as it has repeatedly served as key support over the last two years.
Crypto analyst Ardi said the next retest of the $74,000-$75,000 range could become the most important support test of the current bear market.
The analyst pointed to the…
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