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BTC/USD: Double-Top Points to a Crash to $61,000

From dailyforex.com

Bitcoin price continued its strong crash in the overnight session as the coin lacked a clear catalyst. The BTC/USD pair plunged to a low of 64,000, its lowest point since May 15th. It has crashed by double digits from its highest level this year. Bitcoin has had no major catalyst in the past two months since the most important ones have already happened. The Securities and Exchange Commission (SEC) has already approved spot Bitcoin ETFs, which have done well, attracting billions of dollars in inflows. Most recently, however, these funds have shed some assets as outflows increased. These outflows jumped after Bitcoin ... (full story)

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  • Category: Technical Analysis