Bitcoin Bears fell below their main levels of near support after cryptocurrency last night to $8,700, although this BTC drop coincided with a decent buying pressure, which allowed it to reach this support level again.
However, the recent price action of BTC can be defined as a recession, as long as its bulls have not been able to generate any type of sustainable rise since they decreased below $9,000. This may change soon, as cryptography is now near a confluence zone that can help awaken the next uptrend.
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