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Bitcoin’s $800 Price Recovery Runs Into Key Resistance

View Bitcoin’s bounce from Monday’s three-month low of $7,715 is struggling to beat the 200-day moving average resistance, currently at $8,440. The recovery rally lacks volume support and could be short lived. A rising wedge breakdown seen on the hourly chart favors a drop to levels below $8,000. A close above Monday’s high of $8,368 […]