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As the pain of counterfeit currency continues to persist, Bitcoin's dominant position has climbed to a high point in 2023
At present, the only driving force for the development of the encryption market is Big Brother Bitcoin. With the continued indifference of competing currencies and the deepening of the bear market, the King of Cryptocurrencies has reached its highest market dominance this year
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Bitcoin climbed to the resistance level of $28500, which is why there will be more gains
Based on existing evidence, Bitcoin maintains a bullish trend on the daily chart, but the upward path may not be linear and may take some time to achieve.Bitcoin has a bullish trend, but insufficient demand in the short term is a worrying issue
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Bitcoin climbed to over $30000, but still more than 50% below its historical high
On April 11th, the financial industry reported that Bitcoin has climbed to over $30000 for the first time since June 2022, with an annual cumulative increase of over 80%. This rebound is even stronger than the nearly 20% increase in the Nasdaq 100 index (where Bitcoin often rises in sync with the index)
