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Bitcoin got a boost from a falling dollar, but BTC price action is far from directly bullish, analysts say.
If prices stay this low, miners will face an impossible situation, which could lead to a sell-off and a macro bottom in BTC prices.
Bankruptcies, shrinking profit margins and deep losses for traders are all signs of capitulation by market participants of all kinds.
The difference in selling price and paying price is the largest in more than two years since the last Bitcoin black swan event.
Bitcoin, cryptocurrency, and speculative risk assets are anticipating a dovish signal from Jerome Powell ahead of the release of new CPI data on Jan. 12.
The crypto market is filling the positive reversal due to positive macro trends. Some altcoins pumping and dumping, hinting at the local bull run for altcoins
Bitcoin, Ethereum and other major altcoins regained lost ground after crypto exchanges crashed following an unexpected drop in CPI.
Crypto markets have rallied 11 percent from their Nov. 9 lows, but some indicators point to a severe lack of confidence among investors.
Regulatory pressure continues to limit any upward breakout, but the data shows some compelling reasons for an eventual crypto market rally.
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