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143: BITCOIN COULD RECOVER IF BULLS DEFEND THESE KEY LEVELS | Chainlink Up 40% Despite Crypto Meltdown
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Bitcoin faced a serious downturn this week, shedding more positions from above $9,500. Now, the Bitcoin price is fighting for key support levels, in case it breaks down closer to the low $8,000s.
BTC bounced on Friday, moving to $8,659.07 after dipping twice to the $8,500 tier. At these price levels, the accounts in the money and out of the money are pretty well balanced. The latest IntoTheBlock report shows that bitcoin may put up a serious fight around the $8,600 to $8,900 level, where 873,000 addresses are holding onto 643,000 BTC.