Bitcoin Breaks $71,000 but Top Analyst Isn't Impressed: 'BTC Still Has a Little Bit To Prove'
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Bitcoin (CRYPTO: BTC) is up over 20% from its lows below $60,000, but a prominent crypto analyst on Wednesday cautioned that similar rallies in previous bear markets ultimately gave way to fresh lows. Why BTC Needs to Break Resistance In his latest podcast update, Benjamin Cowen said Bitcoin has rallied back into what he calls the “bear market resistance band.
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