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This metric is viewed as bearish as these BTCs are frequently unloaded into the market. These levels appear poised to continue operating as resistance though the price tag of Bitcoin continues to push to the upside. BTC’s price tag has been tapping into the immediate zone at $23,100, but information from Material Indicators records $18 million in promoting orders at this level alone. Bitcoin has been unable to break above key resistance levels at around $23,000. As a consequence, the cryptocurrency has been moving sideways more than the past two days though preserving some of its gains over the past week.
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