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Bitcoin (BTCUSD) is under negative pressures - Analysis-24-02-2026
Bitcoin’s price (BTCUSD) declined in its recent intraday trading, to break $65,000 key support, in negative technical signals that indicate increasing the selling pressures and the acceleration of the decline, this comes amid the stability and dominance of the main bearish trend on short-term basis and confirms the weakness if any previous rebound attempts.
This decline is accompanied by offloading the oversold conditions on relative strength indicators, opening the way for the continuation of the bearish track without clear momentum obstacles on near-term basis.
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