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Bitcoin Price Extends Losses — Is More Downside on the Horizon?

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The Story

News Summary

  • Bitcoin's price declined below $105,600, testing support at $104,600 amid technical bearish signals and resistance at $107,500.
  • The ongoing downtrend suggests potential further losses if key support levels break, indicating a bearish short-term outlook for BTCUSD.
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BTCUSD price history

78072.12 +18.50% over the displayed period

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