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Bitcoinist
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Bitcoin Flashes Death Cross On Daily Chart – Deeper Downtrend Ahead?
- Bitcoin experienced a sharp selloff, dropping below $80,000 and touching lows around $74,400.
- The long-term structure for Bitcoin remains intact as long as it holds above current levels.
- Bitcoin has flashed a death cross, a bearish chart pattern, raising concerns about a deeper downtrend.
- If Bitcoin fails to recover and reclaim key levels, the risk of deeper downside remains high.
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