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Bitcoin price breaks from range with drop below $28K, and options tilt toward BTC bears

On Aug. 16, Bitcoin closed below $29,000 for the first time in 56 days. Analysts quickly pointed to this week’s Federal Open Market Committee minutes, which expressed concerns about inflation and the need to increase interest rates, as the likely cause.Despite the immediate reasons for the drop, the upcoming $580

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Bitcoin bears ‘in control but exhausted’ as BTC price retakes $29K

Bitcoin (BTC) recovered above $29,000 into Aug. 8 as one trader eyed a potential breakout already underway.BTC/USD 1-hour chart. Source: TradingViewBTC price teases falling wedge breakout Data from Cointelegraph Markets Pro and TradingView followed a modest BTC price rebound after it set local lows of $28,670.Still in a tight range, Bitcoin

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Bulls make money, bears make money, pigs get slaughtered

Crypto market’s volatility and potential for profit and lossThe crypto market is known for its high volatility, which refers to the rapid and unpredictable price fluctuations of cryptocurrencies. Market sentiment, recent news events, regulation changes, technological advancements, and general market demand and supply are just a few factors contributing to

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Bitcoin Price Could Recover But Upsides Might Be Attractive To Bears

Bitcoin price is attempting a recovery wave above the $29,200 level. BTC must clear the $29,600 resistance to start a decent recovery wave. Bitcoin is consolidating above the $29,000 support zone. The price is trading below $29,600 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support

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