Bitcoin Faces Bearish Outlook Despite Avoiding Geopolitical Sell-off

Bitcoin Faces Bearish Outlook Despite Avoiding Geopolitical Sell-off

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Despite avoiding an immediate sell-off related to geopolitical events, Bitcoin is anticipated to see its price support weaken under prevailing bearish market conditions. Traders remain cautious about the asset's near-term performance.

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Bitcoin avoided an Iran sell-off to start March, but traders still expected BTC price support to give way in bearish market conditions.