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Bitcoin Risks Slide to $71K as Chart Breakdown Meets Seasonal Headwinds

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The Story

News Summary

  • Bitcoin faces potential downside toward $71,000 following a head-and-shoulders breakdown and historical September seasonality trends.
  • On-chain data from Glassnode highlights major structural support between $62,000 and $65,000, while heavy overhead supply caps upside between $83,000 and $86,000.
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BTCUSD price history

76174.17 +15.88% over the displayed period

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