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💰 Bitcoin reaches local price bottom amid indicators of upcoming positive momentum: CryptoQuant

The price of bitcoin seems to have bottomed out after recovering to a high of almost $66,000 earlier this week, according to CryptoQuant analysts. Thursday's CryptoQuant Weekly report noted that the recent drop in bitcoin's price to a low of around $55,000 last Wednesday resulted in the largest realized losses for the digital asset's holders so far in 2024.

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