Key takeaways:
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Bitcoin’s death cross, which previously led to 64%-77% BTC price declines, has flashed again.
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Mounting selling pressure is prompting many investors to sell their BTC holdings at a loss.
Bitcoin (BTC) may have confirmed its entry into a bear market after the price dropped to $80,000 on Friday. This view is reinforced by a convergence of technical indicators that have historically preceded extended declines.
Bitcoin’s macro uptrend was invalidated
The BTC/USD pair closed…
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