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BTC/USD: Institutions Change Behavior

From dailyforex.com

Bitcoin slid again on Tuesday as volatility persists and sentiment remains fragile. The $80,000 level stands out as a critical support zone, with structural pressures and institutional trading behavior limiting upside potential in the near term. Bitcoin fell during trading on Tuesday as we continue to see a lot of volatility in the marketplace. After all, Bitcoin had been riding high as recently as the beginning of October, but it's been a pretty straightforward move to the downside since then. Quite frankly, Bitcoin seems as if there's just nothing holding it up at the moment, although it's worth noting that the ... (full story)

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  • Category: Technical Analysis