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BTC/USD: Head and Shoulders Pattern Forms
Bearish view Sell the BTC/USD pair and set a take-profit at 105,000. Add a stop-loss at 118,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 118,000. Add a stop-loss at 105,000. Bitcoin price plunged to below the crucial support at $112,000 as leveraged bets worth billions of dollars were wiped out. The BTC/USD pair has moved into a correction after falling by 10% from the highest point this year.The BTC/USD pair has plunged as leveraged bets worth over $300 million were liquidated. In all, bets worth almost $500 million were liquidated in the past few days. Liquidations are bearish ... (full story)
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