Chair

Bitcoin

Resistance

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<ul> 
 <li>Bitcoin, the first and largest cryptocurrency by market capitalization, experienced a drop to lows of $56,500 earlier this week due to investor concerns about the Fed interest rate decision.</li> 
 <li>Fed Chair Jerome Powell’s statement that interest rate hikes are not likely to be the Fed’s next move presently seemed to soothe the markets, leading to a rebound in Bitcoin’s value.</li> 
 <li>On-chain analytics firm IntoTheBlock noted that Bitcoin’s drop below $57,000 brought it to the same levels of holders in loss as in similar drawbacks in the previous cycle.</li> 
</ul> 
<p><strong>Bitcoin’s recent drop and rebound highlight the ongoing battle between bulls and bears in the crypto market, with key supply and demand levels emerging as significant points of interest.</strong></p>
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<h2 id="strong-bitcoin-s-key-supply-and-demand-levels-strong"><strong>Bitcoin’s Key Supply and Demand Levels</strong></h2> 
<p>IntoTheBlock highlights the key supply and demand levels to watch for Bitcoin as the crypto market faces uncertainty. These levels have emerged as points of interest, reflecting the ongoing battle between bulls and bears as Bitcoin seeks direction amid volatile market conditions... <a href="https://en.coinotag.com/bitcoin-btc-price-analysis-crucial-thresholds-to-monitor-in-current-market-volatility/">Read the full article for FREE at COINOTAG!</a></p>

Bitcoin (BTC) Price Analysis: Crucial Thresholds to Monitor in Current Market Volatility

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