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What Factors Contributed to Bitcoin's Price Dip Below $62,000?

Coinpedia LogoCoinpedia2w ago

What Factors Contributed to Bitcoin's Price Dip Below $62,000? - Coinpedia

Quick Summary:

Let’s look at Mow’s take on Bitcoin’s current underperformance and its price analysis with just 3 days from Bitcoin Halving.

Bitcoin has dropped by 13% from its ATH and is trading around the level of $63K.

There’s weak bullish conviction and chances to rebound as the price has failed to surpass $71,287.

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What Factors Contributed to Bitcoin's Price Dip Below $62,000? - Coinpedia (Picture 1)

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 13:39:17 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 324 words

Reading Time: 2 minutes read

Sentences: 33 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 20704863

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About Coinpedia

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Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 13 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

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  • URL: https://beamstart.com/news/why-did-bitcoin-price-drop-17132768039421

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