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Bitcoin Struggles to Break $71,500 Resistance Amid Weakening Momentum

The leading cryptocurrency faces renewed selling pressure as fading bullish momentum raises concerns of a potential correction below current levels.

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Terms & Concepts
  • Resistance Level: A price point where selling pressure typically prevents an asset from moving higher.
  • Pullback: A temporary reversal or decline in the price of an asset after a recent rise.
  • Momentum: The rate of acceleration of an asset's price movement, often signaling strength or weakness in a trend.