Bitcoin (BTC) price has plunged below the $40,000 mark for the first time in 4 months as bears move to test the 200-DMA near $38,500. More importantly, the $45,000 break activated the head-and-shoulders chart formation, which has a measured target of $28,000.
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Now, that one was quicky... Insane volatility. Stay on the sidelines.
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