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🟠BITCOIN PRICE RISES DESPITE MARKET

🟠BITCOIN PRICE RISES DESPITE MARKET

Day: 08 | Time: 14:40:30 The price of Bitcoin is in a bearish phase after a series of massive sell-offs that have caused a general market decline. However, the price of BTC has increased by 0.6% in the past 24 hours, reaching $58,180. The daily trading volume of BTC has increased by 42%, reaching $29.5 billion. The data also shows a decrease in open interest for Bitcoin, which could lead to a reduction in price volatility. The RSI indicates that the price of BTC is currently oversold and a short-term price increase could occur. Furthermore, whale activity (large transactions of at least $100,000) has significantly decreased after the price of Bitcoin dropped below $54,000. The overall market decline has been primarily caused by Bitcoin sell-offs in the past three weeks.

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