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Coin Telegraph
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Bitcoin price stabilizes near $83K as investors eye S&P 500 recovery
- Bitcoin's recent volatility highlights market overreactions, especially in situations like trade wars.
- Bitcoin derivatives indicate a short-lived dip below $83,000 is expected.
- Investors are moving into cash and short-term government bonds, showing a shift from risky assets.
- Bitcoin's price will likely remain below $90,000 until the S&P 500 shows recovery from its recent correction.
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