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BTC/USD: Bearish Flag Points to More Downside
The BTC/USD pair remained in a tight range on Tuesday as traders reacted to last Friday’s crash and the soaring bond yields. Bitcoin was trading at $26,000, where it has been in the past few days. This price is much lower than last week’s high of $29,620. Bitcoin consolidation resumes The BTC/USD pair has started consolidating again as concerns about the health of the crypto industry remain. Some analysts believe that the sharp decline was a shakeout, which typically precedes a major bull run. Others have opined that the plunge was the start of another bearish move since Bitcoin struggled to move above the ... (full story)