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Bitcoin (BTC) Trades Around $57K, Crypto Market Drops 6% in Run-Up to FOMC Rate Decision

May 1, 2024
in Bitcoin
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“There may need been lots of ‘TradeFi’ vacationers in crypto – pushing longs till the halving – this time is now over,” he wrote. “We count on extra unwinding as the typical Bitcoin ETF purchaser shall be underwater when Bitcoin trades under $57,300. This may probably decrease costs to our goal ranges and trigger a -25% to -29% correction from the $73,000 prime – therefore our worth goal of $52,000/$55,000 over the past three weeks.”



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Tags: 57KBitcoinBTCcryptoDecisionDropsFOMCMarketRateRunUpTrades
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