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Bitcoin (BTCUSD) Tumbles After Rejection at $116,500 Resistance; Technicals Weaken

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The Story

News Summary

  • Bitcoin corrects from highs near $116,500 and trades below the 100-hour SMA; bearish trendline, weakening MACD and RSI below 50 suggest risk of further decline if price fails to clear $116,150–$116,750.
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BTCUSD price history

75896.05 +15.45% over the displayed period

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