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Bitcoin Retreats to $79K as Heavy Resistance Halts Short-Squeeze Surge

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The Story

News Summary

  • Bitcoin retreated toward $79,000 after hitting stiff technical resistance above $81,000 following a 24% rebound.
  • With short-squeeze momentum waning and bearish technical divergences emerging, analysts anticipate near-term consolidation or profit-taking despite continued spot ETF inflows.
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BTCUSD price history

76409.70 +11.10% over the displayed period

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