This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Bitcoin’s (BTC) recovery rally has stalled since Sunday, raising the risk of a bearish shift in key indicators.
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Since Sunday, the $86,000 mark has emerged as a resistance and supply zone, with bulls failing to keep gains above that level. The elusive breakout has raised the risk of a bearish
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