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☎️ BITCOIN PRICE FACES POTENTIAL DROP

☎️ BITCOIN PRICE FACES POTENTIAL DROP

Day: 8 | Time: 16:10:23 The price of Bitcoin is experiencing a series of negative events, such as the Mt. Gox refunds and BTC sell-offs by the German government. Analysts predict a potential drop below $50,000 in the coming weeks. Analyst Matthew Hyland predicts a price below $38,000, based on Bitcoin's collapse from its consolidation range. Another analyst, Stockmoney Lizards, predicts a decline to $50,000, based on a harmonic bat pattern. However, favorable macroeconomic factors, such as expectations of an interest rate cut in the United States, could mitigate the price drop.

BTC/USD weekly price chart
BTC/USD two-day price chart ft. Bat Harmonic pattern
U.S. 2-year and 5-year Treasury note yield daily performance chart
Crypto funds net flow in the week ending July 5
BTC/USD weekly price chart

Source: Cointelegraph