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Blockonomi
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Bitcoin (BTC) Price Stabilizes at $60,000 as Market Awaits Next Move
- Bitcoin price consolidates around $60,000 with potential for a significant move.
- Bitcoin's price declined below $61,850 and is now holding at the $60,000 support.
- Technical analysis suggests a large price movement could be imminent due to compression.
- Anticipation of further interest rate cuts and the potential sale of seized Silk Road Bitcoin impact market sentiment.
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