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Bitcoin hits 6-week lows in hours as 24-hour crypto liquidations near $650M
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Bitcoin (BTC) shed almost $5,000 in a single day on Nov. 26 as bulls faced fresh disappointment.
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed towards $54,000 at the time of writing amid intense volatility.
Holders saw major selling pressure after coming within inches of $60,000 late Thursday, the latest attempt to beat resistance nonetheless ending in retreat.
Hours later, Bitcoin was back at its lowest since mid-October, and firmly vindicating those who assumed that the current break from bullish upside was not yet over.
"Not quite there but hopefully soon," analyst Willy Woo said about one indicator hinting at an incoming — but not immediate — return to form.
Anyone too enthusiastically betting on
Read more on cointelegraph.comAbout this in other media
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