Bitcoin (BTC) Price Analysis: Watch This Make or Break Level Closely

Bitcoin has been trying to form an inverse head and shoulders pattern for quite some time but is still struggling at this right shoulder. If support holds, price could test the neckline at the $10,000 major psychological level next.

The 100 SMA is still below the longer-term 200 SMA so the path of least resistance is to the downside. This suggests that the selloff is more likely to resume than to reverse. In addition, the 100 SMA is holding as dynamic resistance and a bounce could hit a...

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