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BTC/USD: Ichimoku Points to More Bitcoin Sell-Off

From dailyforex.com

The BTC/USD exchange rate crashed to a key support level as institutional demand stalled and economic uncertainty remained. Bitcoin price was trading at $113,000, much lower than the all-time high of $124,200. The BTC/USD pair fell as American investors remained on the sidelines and others sold their tokens. Data shows that spot Bitcoin ETFs have shed over $700 million in assets this week, a big reversal after they added $547 million in assets last week. The same trend happened with Ethereum, whose funds have shed assets this week. ETF inflows and outflows data has been ideal for showing whether American ... (full story)

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  • Category: Technical Analysis