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Cryptopolitan 2024-03-22 20:23:31

Bitcoin rebounds after testing key support level

Bitcoin, the leading cryptocurrency, has shown resilience after retesting a significant support level, sparking optimism among investors. On-chain data indicates that Bitcoin experienced a notable price drop, reaching a low of $60,600, before embarking on a sharp recovery. Analysts point to the Adjusted Spent Output Profit Ratio (aSOPR) as a crucial metric signaling market dynamics

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