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Bitcoin (BTCUSD) Dives Into 'Cycle Dump Zone' as Analysts Warn of Major Correction

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The Story

News Summary

  • On-chain analyst Chain Mind warned that Bitcoin has entered a historical 'cycle dump zone' with a rising wedge pattern mirroring 2018 and 2021 reversals.
  • Despite warnings, MicroStrategy's Saylor hinted at additional Bitcoin purchases.
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BTCUSD price history

78799.95 +19.61% over the displayed period

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