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Bitcoin Price Shows Bearish Engulfment After Breakout, Here’s How Far The Price Could Crash

  • Bitcoin price shows bearish engulfment after failed breakout and resistance at $69,000.
  • The bearish engulfment pattern indicates the sellers regaining control and a potential deeper correction.
  • Bitcoin's recent rally seems to be a false breakout from the descending resistance trendline.
  • Potential decline targets for Bitcoin include $65,000, $61,000, $58,000, and possibly $57,000.

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