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Bitcoin Price Rally Nears $80K, Dips May Draw Fresh Buyers

Bitcoin price started a fresh increase and cleared the $77,500 zone. BTC is consolidating and might aim for more gains above the $79,500 level. Bitcoin managed to stay above $76,500 and started a fresh increase. The price is trading above $77,200 and the 100 hourly simple moving average. There is a short-term declining channel forming…