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Bitcoin (BTCUSD) Plunges Toward Bear Market as Mayer Multiple Hits Critical Low

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The Story

News Summary

  • Bitcoin's Mayer Multiple has fallen to its long-term lower bound, indicating weakening momentum and potential for a deeper bear trend if key on-chain support levels at $88,600 and $82,000 break.
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BTCUSD price history

76298.51 +11.72% over the displayed period

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