Bitcoin Market Analysis

A wave of automated liquidations swept through Bitcoin and altcoin markets, triggering one of the largest single-day deleveraging events in history — over $12 billion liquidated in under 24 hours.
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Bitcoin struggles below key resistance at $88,800, with DMI and Ichimoku Cloud data hinting at a potential dip under $80,000.
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Bitcoin has dropped to $57,000, losing over 10% in the past week. With over $162 million in liquidations, concerns about potential government sell-offs and declining investor interest are growing.
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