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The Block (@TheBlockCo): THE BLOCK: CryptoQuant said bitcoin has entered the early phase of a new bull market but still needs to close above its 365-day moving average near $8…

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THE BLOCK: CryptoQuant said bitcoin has entered the early phase of a new bull market but still needs to close above its 365-day moving average near $83,000 for "official" confirmation. The firm also said the market looks "overheated" in the short term, with traders and whales https://t.co/pWySLYSBPp

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