Key points:
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Bitcoin is facing significant selling at the start of the new week, with some analysts expecting a drop as low as $50,000.
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Several altcoins turned down from their overhead resistance and are threatening to dip below their support levels.
Bitcoin (BTC) began December on a weak note, signaling that the bears are not willing to let go of their advantage. Veteran trader Peter Brandit said in a post on X that BTC’s chart shows support in the sub-$70,000 to mid-$40,000 zone.
Another…
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