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Bitcoin Retains Bear Bias Despite Recovery From 25-Day Low

Bitcoin Retains Bear Bias Despite Recovery From 25-Day Low – CoinDesk

Bitcoin’s (BTC) recovery from 25-day lows seen over the weekend has done little to alleviate the near-term bearish bias, technical studies indicate. The leading cryptocurrency fell to $6,119 on Bitfinex on Saturday – the lowest level since Aug. 14 – bolstering the bearish setup established by a sudden $1,000 drop witnessed during a 24-hour period in the middle of the last week.

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