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Bitcoin (BTC) gained up to 3% Sunday, but some traders refused to believe that the BTC price crash was over.
Key points:
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Bitcoin price comparisons warn that new macro lows are due if the 2022 bear market continues to repeat.
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Moving averages and the cost basis of the US spot Bitcoin ETFs are in focus.
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Analysis says that a carbon copy of 2022 is not a certainty.
Bitcoin capitulation “hasn’t happened yet”
Data from TradingView showed BTC/USD crossing $71,000, now up 20% versus Friday’s 15-month lows.
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