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Bitcoin

Here's What Needs to Happen for Bitcoin Price to Hit $80,000 After a 10% Monthly Drop

Image: Crypto Daily

Three Things to Know Bitcoin has lost about a tenth of its value in a month, extending a slide that began last year. Price now sits below both of its key moving averages, and momentum gauges still favor sellers. The 200-day average near $76K is the first ceiling buyers must clear before any run at the headline target. Bitcoin started the week on the back foot, holding near its lowest levels in months after a steady decline since early October. The daily move looked calm, but the monthly loss tells a rougher story. The drop leaves recent buyers underwater and ready to sell into strength.

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