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Bitcoin Price Eyes a Strong Bearish Breakout

From dailyforex.com

Bitcoin price remained in a tight range on Wednesday as investors continued to focus on the booming stock market and commodity prices. The BTC/USD pair was trading at 88,320, a few points above this week’s low of 86,200. Bitcoin continued to consolidate as demand for the coin waned. One reason for this is that investors are focusing on the booming commodity market, with gold and silver prices soared to a record high. Data shows that demand for these assets has jumped, with their ETF inflows rising. Spot Bitcoin ETF inflows have remained under pressure this month. They have lost over $111 million in assets this year ... (full story)

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  • Category: Technical Analysis