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Key points:
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Bitcoin remains under pressure as the bears attempt to hold the price below the crucial $74,508 level.
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Several major altcoins are struggling to bounce off their support levels, increasing the likelihood of the resumption of the downtrend.
Bitcoin (BTC) bulls attempted to start a recovery, but the bears sold at higher levels and pulled the price below $72,169. Galaxy Digital research lead Alex Thorn said in a note on Monday that BTC may plunge to its realized price of $56,000 over the coming…
