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Bitcoin bears have plenty of reasons to hold BTC price below $32,000 -Breaking

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There are many reasons for Bitcoin bears to keep BTC prices below $32,000

The (since May 10th, the)BTCThe chart () shows an extremely tight price range and cryptocurrency has repeatedly failed to surpass the $32,000 resistance.

BTC-USD price for 12-hours at Coinbase. (NASDAQ: TradingView

The choppy trading partially reflects the uncertainty of the stock market as the S&P 500 Index ranged from 3,900 to 4,180 in the same period. There has been some economic growth within the Eurozone, where the GDP grew 5.1% annually. Inflation continues to rise, with 9% recorded in the United Kingdom.

Annualized premium for Bitcoin 3 month futures. Source: Laevitas
Bitcoin Options for 30-Days: 25% Delta skew: Source : Laevitas