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Trading Recommendations for the Cryptocurrency Market on April 17
Challenges with the growth of Bitcoin
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Challenges with the growth of Bitcoin and Ethereum persist. Yesterday, Bitcoin failed to consolidate above $75,000, suggesting limited demand at that level. Ethereum also rose but then pulled back to around $2,327.Traders are showing visible caution about purchases at current levels, even as large players have been quite active during the recent American trading session. Their actions yesterday clearly indicate significant selling pressure, restraining further growth.It is important to note that if Bitcoin breaks through the $76,000 mark, there is
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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