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Bitcoin and Ether's buying opportunities on market dips
Market PictureBitcoin rallied at the start of Wednesday's US session but unexpectedly plunged $1400 or 5% to $26.7K mid-session. This short-term dip shows continued demand for Bitcoin on dips below $27.5K.The sharp price drop has sparked rumours that US government officials were behind it, selling previously confiscated Bitcoins. However, we also note that the fall was preceded by a rally, during which speculators may have built up liquidity for a following dump.Either way, the price dynamics ar...
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Posted: May 11 2023, 08:36
Author Name: forexlive
Views: 081714