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JUST IN: Bitcoin Hits a Wall The Chart Just Challenged the $88,000 Bullish Case.
Price action is sending a clear warning signal that analysts' optimism may be getting ahead of itself.
BTC has turned lower from a descending trendline drawn from the October highs above $126,000. This rejection comes as analysts point to ETF inflows, favorable macroeconomic winds, and the Coinbase premium as catalysts for a rally toward $88,000.
Until the price reclaims the trendline, that bullish scenario appears delayed.