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Bitcoin (BTCUSD) Drops Into Corrective Phase as Key Supports Break on Elliott Wave Signals

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The Story

News Summary

  • Bitcoin’s weekly chart shows a likely shift into a corrective phase, breaking key supports and signaling bearish pressure.
  • Short-term consolidation may occur, but a deeper retracement toward Fibonacci levels could follow, impacting its medium-term outlook.
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BTCUSD price history

76292.32 +13.88% over the displayed period

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