Bitcoin bears might have the upper hand at the yearly open, but charts suggest bulls will fiercely defend these key price levels.
Key points:
Bitcoin is bearish in the short term and could plunge to $50,000 if the $74,508 level is breached.
The short-term trend is likely to turn bullish above $100,000, opening the doors for a rally to $126,199.
Bitcoin bears might have the upper hand at the yearly open, but charts suggest
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