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BTCUSD Tumbles: Bitcoin Eyes $50K Support Amid Bearish Technical Breakdown

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin struggles to maintain the $60,000 support level as on-chain indicators and technical models suggest a potential correction toward $50,000.
  • Rising macroeconomic tensions and waning rate-cut expectations increase the probability of a deeper breakdown below the average miner production cost.
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BTCUSD price history

76713.33 +13.73% over the displayed period

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