Crypto

Bitcoin Rally Cut Short as Profit-Taking Rises, US Demand Falls: CryptoQuant

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In brief

  • Bitcoin’s price recently fell short of topping its 200-day moving average, the average closing price over the period.
  • The move mirrors its activity during 2022, which preceded a significant drop in the price.
  • Nevertheless, BTC is still well above a key support level around $70,000 as…

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