February 3, 2023

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Bitcoin extends slump to 7% in fall to $48,000

1 min read

Bitcoin down by 7% on the day as it looks to hold a crack below $50,000

Bitcoin D1 23-04

Price now looks to keep a firm break below its 100-day moving average (red line) @ $49,473 and that bodes ill for the technical picture of Bitcoin as that could accelerate a drop towards the $43,000 to $44,800 region as highlighted earlier here.
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