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Bitcoin Price (BTCUSD) Tries to Recover Recent Losses – Forecast for March 12, 2025

Bitcoin (BTCUSD) closed yesterday above the $80,474.40 level, indicating an attempt to halt the bearish correction that has recently affected the market. However, technical indicators are now signaling a bearish outlook, with stochastic indicating overbought conditions and the EMA50 continuing to apply downward pressure on the price.

Trend Outlook: Bearish

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