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BTC/USD: Bearish Flag Points to a Bitcoin Retreat
Bitcoin price remained on edge, a few points above the key support of $60,000, as risky assets retreated. The BTC/USD pair was trading at 62,473, inside the range it has remained at in the past few days. This price is much lower than last month’s high of 82,890. Bitcoin Price Retreats as Risky Assets Drop The BTC/USD pair retreated modestly as investors dumped risky assets, including technology stocks. Top US indices like the Nasdaq 100 and S&P 500 indices retreated, with technology companies leading the plunge. At the same time, the US Dollar Index (DXY) jumped sharply, reaching its highest level in more than a ... (full story)