$BTC Bitcoin experienced another liquidation of longs at the start of the American session on Monday. At its lowest point, the price fell below $84K, but by Tuesday morning, it recovered to levels seen the day before, trading around $87K. Having become a sensitive indicator of global financial market sentiment in recent months, Bitcoin has turned into a source of fear in the last few days. Its sharp decline on Monday intensified the sell-off in stocks and fueled demand for safety, although the impact was not too strong. Although the decline has paused, the main scenario remains a movement towards the $60-64K range, where the 161.8% of the November downward impulse and the 200-week moving average are concentrated.
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$BTC Bitcoin experienced another liquidation of longs at the start of the American session on Monday. At its lowest point, the price fell below $84K, but by Tuesday morning, it recovered to levels seen the day before, trading around $87K. Having become a sensitive indicator of global financial market sentiment in recent months, Bitcoin has turned into a source of fear in the last few days. Its sharp decline on Monday intensified the sell-off in stocks and fueled demand for safety, although the impact was not too strong. Although the decline has paused, the main scenario remains a movement towards the $60-64K range, where the 161.8% of the November downward impulse and the 200-week moving average are concentrated.