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Bitcoin ‘Choppiness’ index hints $110K BTC price will be tough to crack

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Bitcoin ‘Choppiness’ index hints $110K BTC price will be tough to crack

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Source: Coin Telegraph

Bitcoin is getting “choppier” and the BTC price uptrend less strong, new indicator data suggests.

Bitcoin (BTC) faces more “choppy” moves as a dedicated BTC price metric boils over.

Research from onchain analytics platform CryptoQuant on Dec. 6 suggests that rangebound behavior will keep frustrating Bitcoin bulls.

Bitcoin hitting new all-time highs near $104,000 this week preceded a snap crash of more than 10%.

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Author: William Suberg

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