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On February 14th, the cryptocurrency market showed mixed signals, with Bitcoin experiencing its fifth straight day of losses. Globally, Bitcoin dipped nearly 1% to $96,812. Indian exchanges like CoinSwitch and Giottus reflected this trend, trading Bitcoin around $97,704, also after a 1% decline over the previous 24 hours. Despite the dip, analysts note Bitcoin’s relative stability. Trading around the $96,500 mark for nearly two weeks, it has become challenging for bears to break through that support level. This suggests a potential floor for Bitcoin’s price in the short term, even amid overall market volatility.
