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Bitcoin Price Trapped in $65K–$71K Zone After 30% Crash: Breakout Soon?
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Bitcoin Price Trapped in $65K–$71K Zone After 30% Crash: Breakout Soon?
Key Insights: Bitcoin price confirmed the bearish flag and reached the $59.8K target. A move above $80K may encounter resistance; $60K is key support. Hawkish Fed tone and UAE BTC mining influence market sentiment. Bitcoin price is showing stabilization after a sharp selloff, confirming a bearish continuation pattern. Analysts said the $88K-$90K breakdown already delivered the 30% drop as projected to $59,800. The market consolidates in a tight…
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