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Bitcoin posted a 5% rebound but failed to reclaim the $70,000 threshold, ETF Database reported, leaving the rally looking more like a dead-cat bounce than a trend reversal.
The round number has reasserted itself as the level to clear before any durable recovery argument can be made.
What the Price Action Actually Says A 5% move in either direction is noise to Bitcoin veterans who have sat through double-digit daily swings.
The more telling detail is what the bounce did not do: it did not put $BTC back above $70,000. In markets, the direction of a failed recovery matters as much as the recovery itself.
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