Highlights: Bitcoin recently dropped, losing over $170 billion, showing how resistance levels and market ups and downs are affecting its price. Over $1 billion worth of Bitcoin long positions were sold off in a single day, showing how unstable the market is for investors. Experienced trader Peter Brandt points out patterns in Bitcoin’s price movements that suggest it could keep falling. Some analysts, like Arthur Hayes, warn that Bitcoin’s price could fall to $75K, with a lot of options betting on that price, causing uncertainty in the market. Bitcoin exchange-traded funds (ETFs) are seeing big outflows, suggesting that institutional investors are losing interest, which could affect Bitcoin’s future price. Hey Boztech blog readers! Just a few days ago, Bitcoin soared to $92,000 after Trump’s strategic reserve announcement. But since then, it’s pulled back by 4.5%, dipping to $80,350 earlier today, as the US CPI data release lo...
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