Bitcoin News: Bitcoin Hits Major Bear Sector Resistance at 200-Day Moving Average — CryptoQuant Warns of Potential ReversalBitcoin may be approaching a critical inflection point after hitting a key historical resistance level that preceded its last major bear market decline, tokens analytics firm CryptoQuant warned in a note published Wednesday. The warning comes as Bitcoin has slipped 2.3% in the past 24 hours to $79,300, following hotter-than-expected US producer price data that added to the macro headwinds already weighing on risk assets.The 200-day moving average: a level with a bearish track recordBitcoin's six
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