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Bitcoin clings to $20K as whale pressure keeps resistance in control

October 7, 2022


Bitcoin saw rejection at a key area of whale resistance into Oct. 7 as its strict trading range continued.

Charts point to impending breakout

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staging two attempts to crack $20,400, both meeting rejection.

The pair had crisscrossed the $20,000 mark during the week, with neither the bulls nor the bears able to effect significant trend disruption.

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