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The Bitcoin Rainbow Chart is projecting a broad range of possible price levels for the cryptocurrency heading into April 1, … Continue reading
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Traders are watching support near $1.40 as repeated failures below $1.60 reinforce broader downtrend.
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain’s difficulty regression model.
BTC fell 2.2% as $299 million in liquidations hit crypto markets, with long positions accounting for 85% of the damage.