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#CryptoMarketsDipSlightly
Bitcoin is trading at one of the most critical levels of the current cycle. The asset is caught between long-term on-chain support and the wall of upper resistance.
Analysis of recent Glassnode indicators along with weekly and daily technical charts clarifies the current position of the asset. The data clearly outline two possible scenarios for development.
Spot price $70 925
Weekly change +2.74%
Weekly RSI (14) 33.59
Drawdown from ATH -43%