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Matrixport: $62,000 is the key support level for Bitcoin

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Matrixport released its latest report showing that the cryptocurrency market urgently needs positive catalysts, otherwise if Bitcoin fails to successfully test the support level of $62,000, it may open the door to a significant price drop. At the end of February, Bitcoin rose nearly $10,000 in five trading days. If the $62,000 support line fails to boost Bitcoin prices, the previous gains may face risks.

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