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Many analysts are predicting Bitcoin to cross $45k in May 2023, but the technical indicators are not blind to the recent downturns and tell a different story.
The slide – which followed a huge market sell order at Binance – flushed millions of dollars worth of futures positions.
The largest token fell as much as 4.5% before paring some of the slide to trade at about $29 340 as of 9:50 a.m. in London.
The biggest token dropped as high as 4.5% prior to paring a few of the slide to trade
BITCOIN dropped back below the closely watched $30,000 level amid a wider retreat in cryptocurrencies, as stubbornly high UK inflation fanned fears of higher-for-longer interest rates. The largest token fell as much as 4.5 percent before paring some of the slide to trade at about $29,175 as of 11:50 a.m.…