Bitcoin Breaks Below 365-Day Average as 46% Drawdown Tests Market Conviction

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Bitcoin (BTC) hovered around the $68,000 level on Sunday UTC, extending a deep pullback that has left the market grappling with a key technical break and a deteriorating macro backdrop. The price is down roughly 46% from its record high of $126,080 set in October last year, a decline that analysts say is testing investor conviction far more than recent routine corrections.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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