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Bitcoin Price Action Sees Largest Gap Closure In Market Shake-Up, Bullish Or Bearish Signal?

Bitcoinist LogoBitcoinist12h ago

Bitcoin Price Action Sees Largest Gap Closure In Market Shake-Up, Bullish Or Bearish Signal? - Bitcoinist

Quick Summary:

Bitcoin has reached a crucial moment in its price action following heightened volatility that has overshadowed the entire crypto market, with major digital assets dropping to key support levels.

Despite the sharp bearish performance, BTC’s fundamentals remain strong, igniting hope for bullish prospects.

Negentropic noted that many traders have exited the market due to the bearish storm, and BTC is threatening to narrow the CME gap between $74,000 and $80,000.

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Bitcoin Price Action Sees Largest Gap Closure In Market Shake-Up, Bullish Or Bearish Signal? - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 17:30:34 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26519059

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin Price Action Sees Largest Gap Closure In Market Shake-Up, Bullish Or Bearish Signal?" has 440 words across 35 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bitcoin Price Action Sees Largest Gap Closure In Market Shake-Up, Bullish Or Bearish Signal?" was covered 12 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 11 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #26519059
  • URL: https://beamstart.com/news/bitcoin-price-action-sees-largest-17407644133545

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