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Bitcoin price stuck at $32K–$35K: Likely outcomes of BTC ‘flush’ drop

Bitcoin price stuck at $32K-$35K: Likely outcomes of BTC ‘flush’ drop

In the short term, the crucial technical resistance level is $35,500. Throughout the past 24 hours, Bitcoin has continuously rejected at that level. When Bitcoin rose to around $35,500 on Binance earlier on Jan. 13, it saw an 8% drop shortly thereafter, indicating that there is strong selling pressure.