Watch Bitcoin's Support Level That Could Flip to Resistance

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Short-term investors holding Bitcoin under six months control over half of the realized market cap.

The weekly recovery of over 7% has pushed bitcoin’s price briefly above $67,500 – a level not seen in almost a month. The world’s leading crypto asset is currently eying to establish a new peak.

With the latest upward price action, BTC has found new support. If flipped, however, this level could also prove to be a major resistance area.

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