Galaxy Research Director: Bitcoin May Retest $75,000 to $85,000 Range, Support Level at $81,600

BlockBeats News, February 26th, Galaxy Research Director Alex Thorn posted, stating that "based on analysis of the supply last moved at price (URPD) from Bitcoin, there was almost no trading between $75,000 and $85,000, as the price quickly broke through this range in November. The market may want to test this range. The 200-day Moving Average (MA) is at $81,600, and if the price retraces to this range, it may provide support."

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