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BTC/USD: Double-Top Forecasts More Downside as Risks Rise

From dailyforex.com

Bitcoin price crashed below the important support at $100,000 as investors dumped risky assets as geopolitical risks rose. The BTC/USD pair has plunged in the last four consecutive days, and is hovering near its lowest level since May 8. It entered a correction after falling by over 10% from the highest point this year. Bitcoin Price Crashes Amid Flight to Safety Bitcoin and other risky assets plunged on Monday, continuing a trend that has been going on in the past few days. This crash happened after Donald Trump launched a big bomb attack in Iran that could lead to more geopolitical tensions. He attacked three key ... (full story)

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  • Category: Technical Analysis