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Bitcoin (BTCUSD) Plunges After Rising Channel Breakdown, Bears Target $64K Support

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The Story

News Summary

  • Bitcoin broke down from a rising channel after weeks of compression, signaling bearish momentum.
  • Resistance around $67,300 to $68,800 may trigger short-term rallies, but overall trend remains negative with expected further downside pressure below $64,000 and $62,000 support zones.
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BTCUSD price history

77565.93 +13.58% over the displayed period

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