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Bitcoin Faces $84K Resistance as Analysts Warn of $50K Downside

2026-05-06 12:20:53

Abstract generation in progress

Bitcoin is testing the $84,000 area around its 200-day simple moving average, which TradingShot called the key resistance level in the current downtrend. TradingShot said a failed reclaim could confirm a bearish continuation toward $50,000.

BTC-0.38%

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