I don't know why I insist on crypto coins, I've always said that this market is fraudulent, yet I made the mistake of continuing for 2 years of profit and today it all went down the drain - 62k
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BeInCrypto BR
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Bitcoin below $70 thousand faces a decline risk of 37%
Bitcoin has entered a critical phase after the recent correction that brought the price to the region of $70 thousand. From a macroeconomic perspective, this movement exposes BTC to an increased risk of decline.
Several on-chain and technical indicators are now pointing to a bearish outlook. However, large investors are actively accumulating, seeking to slow down or reverse the developing trend.
Bitcoin loses important on-chain support
Bitcoin fell below the True Market Mean for the first time since September 2023. This indicator reflects the aggregated cost of coins in active circulation. Trading below this level signals a weakening of conviction among participants and indicates a structural change in market behavior.
Several on-chain and technical indicators are now pointing to a bearish outlook. However, large investors are actively accumulating, seeking to slow down or reverse the developing trend.
Bitcoin loses important on-chain support
Bitcoin fell below the True Market Mean for the first time since September 2023. This indicator reflects the aggregated cost of coins in active circulation. Trading below this level signals a weakening of conviction among participants and indicates a structural change in market behavior.
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