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Bitcoin crashes to $65K as panic selling hits — ride the momentum down to $60K

Bitcoin's price plummeted to $65,000, wiping out billions of dollars in value and forcing over $1.8 billion in leveraged traders to automatically sell off their holdings. Traders are now watching to see if it drops even further to $60,000.

Idea

When a massive crash forces highly-leveraged traders to sell, it often triggers a domino effect that pushes the price even lower. With over $1.8 billion wiped out in a single day, the panic selling might not be over yet. Traders are openly staring down a psychological floor of $60,000, meaning a break below the current $65,000 level could trigger another massive wave of selling.

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BTCH4#crypto#breakout#momentum

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