Bitcoin Breaks Heavy Resistance—But Death Cross Looms: Analysis
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Bitcoin is breaking through a heavy resistance level, clearing the hurdle of $23,000, a significant milestone for bulls. Prediction market traders, however, remain skeptical, assigning only a 30% probability to a price increase, indicating a cautious outlook despite the technical victory. This mixed sentiment may weigh on the market's overall direction.
BTC cleared a key resistance level Tuesday, giving bulls hope. Prediction market traders aren't convinced.