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Coin Telegraph
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Why is Bitcoin price down today?
- Bitcoin price fell 2.7% over the last 24 hours to $105,000 amid waning investor demand.
- Bitcoin's drop on May 30 triggered more than $210 million in long BTC liquidations.
- A bearish divergence from the RSI signals a reduction in bullish momentum.
- Bitcoin's price drop is attributed to concerns over US-China trade talks, with increased trading volume suggesting heightened sell-side activity.
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