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Bitcoin Price Dip Explained: Key Causes And Where To Expect A Bounce Back To $70,000

  • Bitcoin (BTC) experienced a price correction after reaching a two-month high of $66,500.
  • Factors such as geopolitical tensions and concerns about the macroeconomic landscape led to a broader market sell-off.
  • Crypto analyst VirtualBacon suggests key buy zones at $62,500 and the range between $58,800 and $60,000.
  • The upcoming September jobs report will provide insights into the unemployment rate, which may influence Bitcoin's future price movements.

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