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Bitcoin shows technical weakness with a rising wedge formation, declining momentum, and short-term holders near break-even. Analysis warns of potential breakdown toward $60,730 if support breaks.
Bitcoin remains resilient near $70,000 amid a severe altcoin bear market, with 38% trading below post-FTX lows due to liquidity drains and institutional ETF flows favoring BTC dominance.
Bitcoin faces bearish pressure after closing below key support at $86,500 amid macro volatility and FOMC week, with short-term holders capitulating and risks of further downside to low $80,000s in co…