Key takeaways:
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Bitcoin’s rising wedge pattern suggests a potential drop to $74,000 if a key support level fails.
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A new whale has placed $140 million in short bets on BTC.
Bitcoin’s (BTC) technical setup suggests a deeper correction to $74,000 is possible, as whales have increased their short exposure to BTC.
Bitcoin’s rising wedge targets a 34% price drop
The weekly chart shows the BTC/USD pair trading within a rising wedge, with the price testing support from the lower trendline of the…
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