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With the Bitcoin price hitting roadblock after roadblock, the next direction looks to be down, with sell pressure mounting up. There have also been crashes below major support levels, such as $112,000, that continue to hinder the growth of the digital asset. This has turned these former support levels into resistance, and one in particular remains a hindrance to the uptrend. If the resistance at $114,000 continues to hold, then Bitcoin investors may be in for a terrible time.
Bitcoin Price Remains At Risk Of Crash
According to crypto analyst BitBull, the recent rejection of the Bitcoin price from the resistance before $114,000 is a major source of concern. This has
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