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βοΈ Cryptoπ΄ BearishActionable
A Repeat Of February? Watch Out For These Bitcoin Price Levels In March
π€AI Summary
Bitcoin struggled throughout February to sustainably break above $70,000, reaching only $71,000 before experiencing sharp reversals. This price region appears to be acting as key resistance to Bitcoin's bullish momentum heading into March.
Key Takeaways
- βBitcoin failed to maintain prices above $70,000 throughout February despite multiple attempts.
- βThe cryptocurrency peaked at $71,000 before facing sharp price reversals.
- βThe $70,000-$71,000 range has emerged as a critical resistance level for Bitcoin.
- βFebruary's disappointing performance raises concerns about Bitcoin's near-term bullish prospects.
- βMarch price action will be crucial in determining if Bitcoin can overcome this resistance zone.
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Read Original βvia Bitcoinist
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