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Bitcoin (BTC) Price Drops Below 200-Day Average; Bull Market Trendline in Focus

July 5, 2024
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“We consider hawkish feedback from Jerome Powell and the continuing promoting stress are more likely to push BTC all the way down to 52,000,” Valentin Fournier, a digital belongings analyst at advisory agency brn, stated in an e mail. “Nevertheless, we suggest viewing this as a shopping for alternative, as enhancing rules round cryptocurrencies and cooling inflation within the US haven’t been absolutely priced in and are more likely to convey robust momentum as soon as buyers shift focus to a longer-term imaginative and prescient.”



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Tags: 200DayAverageBitcoinBTCbullDropsfocusMarketPricetrendline
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