Analysis: "BTC must surpass $85,000 to resume its long-term bullish trend."

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Bitcoin's long-term uptrend can only be reversed if it surpasses $85,000, according to Deribit's CCO. According to CoinDesk, if Bitcoin closes below the key support level of $60,000, the next likely target would be the 200-week simple moving average near $58,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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