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Bitcoin Inches Towards $61K But On-Chain Data Turns Bearish

Bitcoin inches towards $61K with a slight choppy action between the $55K and the $58K price region as we can see more in our latest Bitcoin news. The world’s biggest cryptocurrency was in a choppy action mode for quite some time now but Bitcoin inches towards $61K as we can see on the charts. A few companies dipped into the asset in 2020 with companies like Tesla and Microstrategy picking up billions of dollars worth of BTC. BTC trades above its 34-period exponential moving average and as of press time, the asset is still in a strong uptrend. The EMA…

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