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Published 3 years ago

3 reasons why Bitcoin price has not been able to rally back above $40K

Summary by Ground News
Bitcoin's price history and data from previous corrections suggest that the current struggles for the top cryptocurrency could persist for a little bit longer. The strengthening dollar, the possibility of decreasing economic stimulus and a slew of technical factors connected to Bitcoin's price action. The 12-month moving average has been a key support level for Bitcoin historically, so how the price performs near this level could dictate whether the current uptrend remains intact.

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