Key takeaways:
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The Bitcoin Coinbase Premium flipped red as BTC price dropped below $104,000.
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Bitcoin’s RSI hit its lowest point since April, hinting at a potential bottom zone.
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The 200-day EMA support remained crucial as BTC risks short-term capitulation.
Bitcoin (BTC) extended its recent decline on Friday, slipping to $103,500 and triggering a notable shift in onchain market sentiment. The Bitcoin Coinbase Premium Index, which tracks the price difference between BTC on Coinbase and other…
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