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Bitcoin's price is currently facing resistance around the $62,000 mark. After a strong rally earlier this month, reaching a peak near $61,000, it has struggled to maintain upward momentum. Contributing factors include significant sell orders totaling around $50 million and large-scale sales by entities like the U.S. government and FTX creditors. Additionally, market conditions indicate consolidation, with volatility driven by anticipation of a possible Federal Reserve rate cut and concerns over liquidity imbalances. As of now, Bitcoin is hovering near $60,000, with resistance at $62,000 remaining a critical hurdle for further growth

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