Bitcoin drops 10% to threaten new retest of 'unreliable' BTC price support
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Bitcoin brought its latest correction from local highs to near 10% as skepticism over long-term BTC price support grew louder.
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Bitcoin brought its latest correction from local highs to near 10% as skepticism over long-term BTC price support grew louder.
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Bitcoin price correction reversed at $69,500, preserving a new higher BTC trading range as gold led a post-Fed macro asset sell-off.
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Bitcoin price action fell to week-to-date lows with Bitcoin caught between high US inflation and nerves over Fed policy hints at the day's FOMC meeting.
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Bitcoin consolidated recent gains in the face of blanket skepticism over its rebound, while gold threatened to give up $5,000 support.
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Bitcoin bulls failed to break through major resistance at six-week highs as open interest trends triggered warnings of a BTC price reversal.
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Bitcoin achieved new six-week highs at the week's first Wall Street open, but analysis stayed risk-off, arguing that the long-term BTC price downtrend was still in place.