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Bitcoin Outlook: Has the Bearish Wave Gone Too Far?
Bitcoin has started the week with a notable bearish bias, accumulating a decline of more than 4% in recent sessions and pushing the price back toward the November lows. For now, strong selling pressure has persisted amid capital outflows ahead of the year-end season and due to the lack of a clear recovery in short-term confidence within the BTC ecosystem. If this dynamic continues, selling pressure may keep dominating Bitcoin’s price action over the next sessions. The recent Federal Reserve rate cut has not been enough to boost Bitcoin demand. The market remains cautious ahead of this week’s NFP report and the ... (full story)