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Back Technical analysis
Bitcoin on November 11: Intense Selling Pressure and Continued Bearish Dominance.
The four-hour (H4) chart for Bitcoin
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The four-hour (H4) chart for Bitcoin (#Bitcoin) reveals a clear negative performance and bearish momentum that is accelerating over time. Currently trading at 74,149.21, the price has experienced a sustained decline, breaking through several critical technical levels and weekly pivot points—a development that underscores the firm control of the bears (sellers) over the short-term trend and increases the likelihood of further downside.However, it is worth noting that the price is currently rebounding from a strong support level defined by the
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Nermin Ezzeldin,
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