‘Ominous Sing’: Bitcoin Suddenly Plunges Lower
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Bitcoin's price dropped to an intraday low of $86,673 amid extreme volatility. Prominent trader Josh Olszewicz warns of a potential correction, noting Bitcoin's verge of breaking down into the Ichimoku Cloud on the weekly chart. He also cites tax loss harvesting as a bearish factor, potentially creating more selling pressure. The cryptocurrency may face a bear flag breakdown, indicating further declines.
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