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BTCUSD Tumbles as Descending Channel Triggers Bearish Technical Outlook

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The Story

News Summary

  • Bitcoin remains trapped in an eight-month descending channel, with technical rejection at $83,100 fueling further downside.
  • Prediction markets now favor a retest of $60,000, as sentiment shifts away from immediate $100,000 targets toward potential cycle lows near $51,000.
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BTCUSD price history

76713.33 +13.73% over the displayed period

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