Bitcoin drops again, faces mounting technical pressure ...Middle East

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Bitcoin drops again, faces mounting technical pressure
After what looked to be a hold of the $60,000 mark has quickly turned ugly for Bitcoin. The cryptocurrency dipped in trading yesterday and is continuing that drop today under the figure level. Of note, the low earlier even briefly touched below $57,000 and is threatening a bigger break on the charts.The 200-day moving average (blue line) is now under threat and a firm break below that will be the first since October last year. In turn, that will turn the technical momentum to being more bearish in Bitcoin.For buyers, there is still some hope with the 1 May low coming in at $56,500. However, the break of the 200-day moving average should see sellers gather more conviction to push for a strong

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