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🟠CRYPTO MARKET FACES BEARISH PRESSURE

🟠CRYPTO MARKET FACES BEARISH PRESSURE

Day: 10 | Time: 18:03:26.000Z The cryptocurrency market is currently dominated by bears, with Bitcoin struggling to stay above current levels. However, despite the fear in the market, there are signs of a possible bounce, with Bitcoin's fear and greed index at 27 and the daily RSI at 38.08, suggesting an oversold condition. Meanwhile, DigitalX's Bitcoin ETF has been approved for listing on the Australian Securities Exchange (ASX) and will begin trading on July 12. Despite the German government's selling of Bitcoin, Bitcoin ETFs have recorded a net inflow of nearly $294 million. The current price of Bitcoin is $57,554, with a daily trading volume of $33 billion and a BTC liquidation from the market of nearly $71.9 million in the last 24 hours. If Bitcoin bulls manage to overcome the bears, the price could face resistance at $57,861 and $57,997, while if bears take control, Bitcoin could drop to $57,118 with further support at $56,000.

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BTC Price Chart